Somerville Bar & Grill
| Asking Price: | $750,000 |
Attractive Bar & Grill with high ceilings, lots of window exposure and an open kitchen. Ideal opportunity for you to expand your concept into Somerville. Numerous activity generators within the immediate area and transportation. Ideal opportunity for any of the following concepts: American, Bar & Grill,
Indian, French, Chinese, Farm to Table, Vegan/Vegetarian, Greek or Latin/Spanish.
ADDRESS: Somerville, Massachusetts 02145
CONCEPT: A casual theme, moderately priced, full-service restaurant.
SPACE: Approximately 3,500 square feet.
PARKING: There is ample parking available in the immediate area.
SEATING: The restaurant is licensed for a capacity of 170 patrons. There is also an attractive outdoor patio.
HOURS: Open daily from 11:30AM – 10:00PM
LICENSE: A Full Liquor License until 1:00AM
CONDITION: The restaurant appears to be well maintained and in turn-key condition.
RATIO: Beverages: 30% Food: 70%
SALES: Sales for 2023 were $2,243,786.
LEASE TERM: Approximately two (2) years, plus two (2) options of five (5) years each.
RENT: The current base rent is $16,955 mo., NNN / $203,940 yr., NNN
PRICE: The asking price is $750,000
COMMENT: The space is adaptable for multiple concepts. The seller’s investment for the buildout is in excess of $3,000,000.
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.
