Description Full service Restaurant & Bar with a prominently location in the City of Newton, with a population base of 85,177, a medium household income of $112,230 and a median home value of $780,000.
FACILITY: A two-story building with 1,613 square feet on the first floor and a basement with storage space, additional restrooms and an office.
PARKING: There is a large metered public parking lot in front of the building, with free parking after 6:00 PM.
SEATING: The seating capacity allows for 48 customers.
HISTORY: The restaurant was extensively renovated and re-concepted in February of 2011. The furnishings, fixtures and equipment are in very good condition. The leasehold improvements have been well maintained.
HOURS: The restaurant was open daily for lunch and dinner. The business closed February 1, 2014.
BASE RENT: The base rent, CAM and real estate taxes are currently $10,530 per month.
LEASE TERM: The current lease expires in 2017. A new lease needs to be negotiated.
SALES: Sales for the past two years have averaged approximately $900,000.
LICENSES: The restaurant has a full liquor license that allows for service until midnight.
EXCLUSIONS: The artwork, the Open Table program, the kitchen clock and the planter by the front door are not included in the sale. The dishwasher is leased.
ASKING PRICE: $199,000 (For the Business Assets)
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