Great Conversion Opportunity – North End
| Asking Price: | $275,000 |
| Gross Revenue: | $1,600,000 |
| Cash Flow: | $142,000 |
Unique & Chic restaurant located in a very coveted dining neighborhood. This restaurant has a very cool design and build-out with two bars and two floors that makes it an easy conversion to almost any concept; a Wine Bar, Raw Bar, or Italian Restaurant would do great here! It is currently run absentee and sales & profits can be easily increased by a hands-on owner! It is fully staffed and profitable, making it a turn-key opportunity if keeping the existing concept! Buyer to assume existing $70k license note.
FACILITY: Top-notch design and build-out. It is in excellent condition
PARKING: Street parking & city lots/garages – parking validation for customers
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: Two (2) three-year options available – landlord open to additional term
BASE RENT: $9,966 per month
CONCEPT: Restaurant – Ideal for a Wine Bar, Raw Bar, Italian Cuisine, etc.
SIZE: 1764 sq.ft plus basement
SEATS: 76 persons – opportunity for rooftop expansion
HOURS: Open Daily for Lunch & Dinner
LICENSES: Beer/Wine/Cordial (1230a, 7 days) and Entertainment Licenses
SALES: Historical sales over $1.6m
CASH FLOW: Historical cash flow $142,000
ASKING PRICE: $275,000 (For the Business); Buyer to assume $70k license note
