Prime Melrose location- Cafe/Bakery/Restaurant in trendy Boston suburb

Melrose, MA (Middlesex County)

Seller Financing Available
Pastries
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Asking Price: $95,000

Cash Flow: N/A

Gross Revenue: $800,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,000 /Month

Established: 2011

Prime Melrose location- Cafe/Bakery/Restaurant in trendy Boston suburb

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Business Description

Outdoor seating a big plus

Great location in one of America's up and coming small towns. As the Boston Globe wrote "Melrose is officially hot, according to realtor.com, one of the largest real estate websites in the United States.".

The business now sells hot and cold sandwiches, breakfasts, soup, deli platters, pizza, cakes and baked goods. The business name is not being sold but you will be buying a well finished 2,500 sq. ft. store with a large well-equipped kitchen, full basement and an established clientele. The location is great for any restaurant, bakery, coffee shop or similar food business.

Current lease ends 12/2020 and has a 5-year option, but the landlord will likely negotiate a new and longer lease for a suitable tenant.

Detailed Information

Location:
Melrose, MA
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
12/1/2025
Facilities:
2,500 Sq. Ft. + basement. Outdoor seating for 20-22 seats Kitchen Equipment (cost, if new, $175-$200,000) includes Vega Dry & Refrigerated Pastry Cases, Granite Service Counters, and Display; Walk-in Refrigerator (approx 8x10); Walk-in Freezer (approx 12x12); Baxter Single Rack Gas Oven. Basement - Like new Walk-in Freezer/Fridge (approx 15x10).
Competition:
Known as an area for food and restaurants.
Support & Training:
Provided as necessary
Reason for Selling:
Consolidating operations.
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Jeffrey Starfield

Business Listed By:
Jeffrey Starfield

Northeast Business Partners

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