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

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Outstanding Restaurant/Bar/Lounge - Boston

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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)

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Todd Smith

Business Listed By:
Todd Smith

Corbett Restaurant Group

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