Prime Bar & Restaurant A++ Location - Boston

Boston, MA (Suffolk County)

Prime Bar & Restaurant A++ Location - Boston
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Asking Price: $650,000

Cash Flow: $250,000

Gross Revenue: $1,600,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Prime Bar & Restaurant A++ Location - Boston

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Business Description

Prime Bar & Restaurant A++ Location - Boston

Successfully established Boston Bar with an A++ location in the middle of the action. The site has 2:00 AM Full Liquor & Entertainment Licenses and enjoys a rare Downtown location. The brand is strong and it is in turnkey position. Historical sales are $1.8-$2 million! The owners are selling due to partnership differences. They are motivated and want to see offers.

FACILITY: Newly renovated facility and FF&E package are in excellent condition
PARKING: On street & public parking lots
EQUIPMENT: The equipment is in excellent condition, has been well maintained and is
of good quality.
LEASE TERM: 12-year lease with 11 years remaining - renewal options available
BASE RENT: $22,557 per month gross (includes the triple nets)
CONCEPT: Restaurant, Bar & Nightlife
SIZE: 2,300 square feet (plus full basement)
SEATS: Capacity for 175 persons; potential to add patio seating for 20
HOURS: 11:00 AM – 2:00 AM
LICENSES: Full Liquor & Full Entertainment Licenses
SALES: $1,600,000 per year (majority of sales are in alcohol)
CASH FLOW: $250,000 per year (recast as an owner operator)

Detailed Information

Location:
Boston, MA
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(from currently available funds)
 
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Todd Smith

Business Listed By:
Todd Smith

Corbett Restaurant Group

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