Flagship Location - Boston
| Asking Price: | $2,300,000 |
| Gross Revenue: | $5,000,000 |
Rare opportunity to acquire an Iconic flagship location in Boston. This restaurant & bar is located right in all the action and is surrounded by numerous activity generators that make it ideal for any concept! This has been a go-to spot in the area for decades and boasts great outdoor seating and function space. Current ownership purchased the real estate and completely renovated the entire space adding new FF&E and equipment including two kitchens. This is a must see!
FACILITY: The facility has been completely removed
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 10 Year initial term with options
BASE RENT: $30,000 per month first year rent; $53,000 NNN
CONCEPT: Bar & Restaurant
SIZE: 9,731 square feet
SEATS: 365 Seats (50 Outside seats)
HOURS: Open daily
LICENSES: Full Liquor License 2:00 AM ($600,000 value)
SALES: $5,000,000 per year (Historically)
ASKING PRICE: $2,300,000 (For the Business Assets, License, & Leasehold improvements)
