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State Of The Art Casual Restaurant - Great Location
Location Massachusetts,United States
Asking Price Range $250K - $500K
Gross Revenues $850000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2003
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description State of the Art Casual restaurant with A+ location. Located in Boston's quickly growing Fenway neighborhood this site has all the elements a good concept needs for success. The below market rent and strong demographics make this site a desirable opportunity. Over $1,000,000 was spent to open the store which will make this a very inexpensive conversion for the next concept. There is a lot of value here perfect for a fast casual or Chef driven concept. Seller will consider a Joint Venture. Some financing is available for qualified Buyers.
FACILITY: This is a state of the art facility in outstanding condition. It was originally constructed by CAFCO at a cost of $900,000 in 2006. An
additional $200,000 was spent remodeling in 2010. The facility is 100% up
to code. It has a handicap lift, ADA bathrooms, full sprinkler and fire alarm
system.
EQUIPMENT: The furniture, fixtures and kitchen equipment cost
$125,000 and the equipment is in excellent condition and has been well
maintained and is of good quality.
CONCEPT: Healthy fast casual concept (low fat, low carb, vegetarian, etc.)
SEATING: 60 Seats inside and 12 Seats outside
SIZE: 3,000 square feet
BASE RENT: $7,100 per month (this is an excellent rent it is half of the
current market rate)
CAM & TAXES: (CAM) = $1,044 per month (TAXES) = $649 per month
(Linkage) $95 per month
UTILITES: $4,386.02 per month (this covers all Gas, Electric, & Water)
TRASH /GREASE TRAP: $70.36 - Trash Grease Trap - $153 per month for
each
LEASE TERM: Four (4) years remaining on the lease with 1 Five (5) year
option
HOURS: Open from 10:00 AM - 10:00 PM
LICENSES: C.V.
SALES: Approximately $850,000 per year
ASKING PRICE: $375,000 (For the Business)
Click Here To Contact Seller
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