Restaurant w/Function Room

Woburn, MA (Middlesex County)

Restaurant w/Function Room

Asking Price:$345,000

Cash Flow:N/A

Gross Revenue:N/A





Restaurant w/Function Room

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Business Description

LOCATION: Woburn, Massachusetts

CONCEPT: A casual theme, moderately priced full service restaurant featuring American cuisine and a function room with a full bar.

SEATING: Licensed for 222 seats. The restaurant also has a patio with additional seating for approximately 20 patrons.

SPACE: Approximately 6,850 square feet.

LICENSES: Full Liquor License and an Entertainment License.

HOURS: Mon. - Wed. 4:30PM –11:30PM Thurs. – Sat. 11:30AM –12:00AM Sun. 4:30PM–10:00PM

CONDITION: The furnishings, fixtures and equipment appear to have been well maintained

HISTORIC SALES: Historic sales were approximately $25,000 wk.

LEASE: The landlord will negotiate a new lease for a qualified tenant and will consider a Right of First Refusal on the real estate.

RENT: Base Rent: $8,563 mo. / $102,750 yr. ($15.00 psf.) R.E. Taxes: $12,000 +/- Total: $114,750 +/-

PRICE: The asking price for the assets of the restaurant and the liquor license is $345,000.

COMMENTS: The seller would consider all reasonable proposals. This could be a great opportunity for a working owner/operator.

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.

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Heather Perkins

Business Listed By:
Heather Perkins

The Boston Restaurant Group Inc.

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