Roast Beef & Pizza Shop
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $416000
Net Profit / Cash Flow $53000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2007
Number of Employees 4 - 5
Inventory 75000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Training will be provided.
Reason for Sale Retirement.
Description New Roast Beef Shop for sale in Somerville. Step into this turnkey opportunity with a lease well below market rate and plenty of growth potential. They are in the process of adding pizza to the concept which should add an additional $3,000 per week to sales. A new Operator could also grow sales dramatically by opening for longer hours and focusing on deliveries. This is a top notch lease with a business that has all of the elements needed to make sales explode. This will move quickly!
Facility: This is a storefront facility is a corner unit with excellent visibility and high traffic counts. The space is approximately 1,000 square feet with a full basement. The space has 16 seats and a functional layout.
Condition: The building and restaurant are in very good condition.
Parking: On street parking.
Equipment: The equipment has been well maintained and is of good quality.
Lease Term: Four (4) years remaining on the lease with one Five (5) year option.
Base Rent: $1,500 per month (which includes the NNN)
Concept: Roast Beef, Subs, Pizza & Seafood
Seating: It presently has 16 seats
Hours: 11:00AM - 9:00PM. (Can be open much longer hours)
Restrictions: None
Licenses: Common Victual's
Sales: Approximately $416,000 per year (with limited hours)
Cash Flow: $50,000 per year (very heavy payroll with family members)
Price: $185,000
Click Here To Contact Seller
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