Outstanding Restaurant/Bar/Lounge - Boston

Boston, MA (Suffolk County)

Outstanding Restaurant/Bar/Lounge - Boston

Asking Price:$499,000

Cash Flow:N/A

Gross Revenue:$3,000,000





Outstanding Restaurant/Bar/Lounge - Boston

Get Financing Save Print Share Valuation Report

Business Description

Outstanding Restaurant/Bar/Lounge situated in the heart of one of Boston’s most desirable neighborhoods. This location has strong lunch and after work business with a professional crowd. During the late night hours it has a world class lounge catering to 25 and up clientele with some of Boston’s best nightlife events. The asking price includes the liquor license valued at $400,000 and all of the furniture, fixtures and equipment of the business.

CONDITION: The Bar & Restaurant are in excellent condition with $1,000,000 in recent renovations.
PARKING: Six dedicated parking spots, valet approved for the entire block and public lots
EQUIPMENT: The equipment is top notch and has been well maintained
CONCEPT: High End Restaurant & Lounge and Nightclub
HOURS: 11:30 AM – 2:00 AM (2:00 AM license value $400,000)
SIZE: 14,000 square feet
CAPACITY: 650 persons
LICENSES: Full Liquor License & Full Entertainment 2:00 AM (Bottle Service)
SALES: $3,000,000 in 2015 (historically as high as $5,200,000)
RENT: $30,000 per month (plus real estate taxes)
LEASE: Ten (10) year initial lease with two (2) five year options
ASKING PRICE: $499,000 (for the business)

Listing Statistics for Premium Members

Ad#:1267539 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Todd Smith

Business Listed By:
Todd Smith

Corbett Restaurant Group

Show Phone Number

View My Listings

Find out more...

Get more details about this business.

Similar Listings

Big Whiskey’s American Restaurant & Bar

Franchise Opportunity In MA
Capital Required: $636,500