Brookline Restaurant - Former Ivory Pearl
| Asking Price: | $350,000 |
The Boston Restaurant Group, Inc. offers, for your consideration, information regarding the sale of the former Ivory Pearl in Brookline, Massachusetts. Prominently located on Beacon Street, between Coolidge Corner and Cleveland Circle, and directly next to the very popular Barcelona Wine Bar, the site has strong street exposure and excellent signage. The restaurant was extensively renovated in 2020. The seller’s investment was in excess of $800,000.
NAME: Ivory Pearl
ADDRESS: 1704 Beacon Street, Brookline, Massachusetts 02445
LOCATION: Residential and Commercial neighborhood with a strong concentration of professionals. There is a lot of foot traffic at this location and activity with the MBTA Green Line.
COMMUNITY: There are a number of very popular restaurants in the immediate area: Barcelona Wine Bar, Stoked Pizza, The Public House, Burro Bar and Golden Temple.
FACILITY: The restaurant space includes a bar / lounge area, a dining room, kitchen, restrooms and a basement which is used for prep, refrigeration, storage and an office.
SIZE: The restaurant is approximately 1,500 square feet, plus a full basement.
PARKING: There is ample street parking available.
LICENSES: The restaurant has a Full Liquor License until 2:00AM.
SEATING: Currently licensed for 43 seats. There is outdoor seating for 32 patrons.
CONCEPT: Operated as a full-service restaurant with craft cocktails
HOURS: Currently closed. Was open daily: Sun. – Thurs. . 5:00PM – 10:00PM Fri. – Sat. 5:00PM – 2:00AM
SALES: Sales in 2023 were approximately $1,300,000.
RENT: Base rent is currently $6,887 month, NNN / $82,644 year, NNN.
LEASE TERM: There are approximately 5 years remaining, plus a 5 year option.
PRICE: The asking price for the assets of the restaurant is $350,000.
Information is from sources that we deem reliable. No representation is made as to the accuracy of any information provided. Offering is subject to prior sale, lease, or withdrawal without notice or change in prices and conditions.
