Boston Restaurant w/Real Estate
| Asking Price: | $3,000,000 |
| Gross Revenue: | $1,450,000 |
Well established location, in the South End, in close proximity to the Back Bay and the Theater District. Casual theme concept with a reputation of craft cocktails. Upscale customer base. Approximately 4,000 square feet with seating of 150 and a 2:00AM All Alcoholic Beverages License. Asking price $3,000,000: with $2,200,000 for the real estate (condo space); $600,000 for the liquor license and $200,000 for the assets.
ADDRESS: Boston, Massachusetts 02116
CONCEPT: Restaurant & Lounge
SPACE: Approximately 4,000 square feet.
PARKING: There is ample street parking available.
SEATING: The restaurant is licensed for a capacity of 159 patrons.
HOURS: Open daily 5:00PM –1:00AM.
LICENSE: A Full Liquor License until 2:00AM.
CONDITION: The restaurant appears to be well maintained and in turn-key condition.
RATIO: Beverages: 75% Food: 25%
SALES: Sales for 2023 were $1,450,000. Historic sales were $2,500,000+/-.
R.E. TAXES: Approximately $30,000 annual.
CAM: Approximately $1,300 mo. / $15,600 year for the condo fee.
PRICE:
Real Estate (condo): $2,200,000
Liquor License: 600,000
Assets: 200,000
Total: $3,000,000
COMMENT: There is potential to increase revenue by adding brunch on the weekends and expanding the hours of operation.
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.
