Great Conversion Opportunity – North End - The Hub

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Great Conversion Opportunity – North End

Opportunity Details
Location: Boston's North End
State: Massachusetts
County: Suffolk County
Parking: Street parking & city lots/garages – parking validation for customers
Lease Terms: Two (2) three-year options available – landlord open to additional term
Base Rent: $9,966 per month
Seating: 76 persons – opportunity for rooftop expansion
Size: 1764 sq.ft  plus basement
Hours: Open Daily for Lunch & Dinner
Licenses: Beer/Wine/Cordial (1230a, 7 days) and Entertainment Licenses
Cash Flow: $71,212 – historical cash flow $142,000 (2019)
Sales: $1,082,389 in 2022 – 2023 sales up 18% from last year
Asking Price: $447,000 (For the Business); Buyer to assume $70k license note
Concept: Restaurant – Ideal for a Wine Bar, Raw Bar, Italian Cuisine, etc.

Unique & Chic restaurant located in a very coveted dining neighborhood.  This restaurant has a very cool design and build-out with two bars and two floors that makes it an easy conversion to almost any concept; a Wine Bar, Raw Bar, or Italian Restaurant would do great here! It is currently run absentee and sales & profits can be easily increased by a hands-on owner!  It is fully staffed and profitable, making it a turn-key opportunity if keeping the existing concept!  The partners are moving in different directions. Buyer to assume existing $70k license note.


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