98 Seat Restaurant For Sale

Business Opportunity for Sale
Catylist Listing ID: 30811604
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $300,000
In Opportunity Zone? Yes
Gross Revenue: $0 (Annual)
Cash Flow: $86,013 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 11/24/2022

Overview / Comments

Location is intentionally obfuscated. This 98 Seat family restaurant has been in operation for almost 20 years. Its devoted customers and die hard fans know quality when they taste it. Space is leased until Dec of 2027, then has one five year option.

Seller Discretionary Earnings (SDE) $86,013

Property is leased (no real estate comes with purchase)

Rent is 36,000/ year

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Middlesex
Industry Segment: Bars and Taverns
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Space is leased until Dec of 2027, then has one five year option.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 49,422 142,025 207,563
Median Age: 30.77 35.33 37.53
Households: 17,487 51,908 76,201
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