Somerville Cafe w/Catering
Asking Price: | $420,000 |
This is an exciting opportunity with an attractive buildout and a high profile location. This space is ready to bring your culinary vision to life in a thriving neighborhood.
ADDRESS: Somerville, Massachusetts 02143
CONCEPT: Specializing in Breakfast, Lunch & Catering.
SPACE: Approximately 2,760 square feet.
PARKING: There are 3 parking spaces for the restaurant and there is ample on-street parking available in the immediate area.
SEATING: There is seating for 60 patrons.
HOURS: The restaurant is open daily 7:30AM – 3:00PM.
CONDITION: The restaurant appears to be well maintained and was a new build-out a few years ago.
SALES: Sales in 2023 were $1,373,000.
LEASE TERM: The landlord may consider a long term lease for a qualified tenant.
RENT: Approximately $7,000 monthly, NNN / $84,000 annually +/-, NNN
PRICE: The asking price for the assets of the business is $420,000, or with the real estate asking $1,700,000.
COMMENTS: There is potential to increase sales by extending the hours of operation to open for dinner and applying for either a liquor license or a beer & wine license. The seller has recently relocated and is open to considering selling the real estate (condo space). Ideal opportunity for an owner/operator or a regional chain looking to expand into the Somerville market.
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.