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Authentic Indian Restaurant In Somerville For Sale

Somerville, Massachusetts
Asking Price:
$174,990 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$450,000 (USD)
Cash Flow:
$50K - $100K (USD)

This authentic restaurant has established a very positive reputation with both locals and out-of-town visitors and collected over 100 Google Reviews!

Located on a popular Broadway Street, within one mile of Tufts University and Lesley Univ campus, near busy roads, in an affluent town, with plenty of street parking and new Green Line Train Access. You will be impressed as you walk into this cozy restaurant, with modern fixtures, cutlery, napkins, and light music. Seating for over 25-30, with beer and wine license four months ago! Also capacity for expanding outdoor seating during nice weather.

Featuring an authentic Indian menu, with various kebabs and curries. Great online reviews (4 stars). The restaurant has several years lease left and potential to renew for additional 5-10 years. The current lease is set as $3500 NNN. The restaurant has great presence on the web and they work with many online delivery (7) and survey services such as Grubhub, Foodler, DoorDash, Uber, Seamless, Kingdom, Zagat, and more. Very clean place, with updated and well-maintained equipment, including clean bathroom, storage, and much more. Great opportunity for a chef to own their own restaurant or a new or veteran in the industry.

Opportunities to increase revenue by expanding the delivering area, adding party menu and alcohol menu.

If interested, please contact the seller through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

The restaurant has few years of lease left and potential to renew for additional 10 years. The current lease is set as $3500 NNN which includes everything (rent and real-estate).

Leasehold Rent:

$48,000 (USD) per annum

Location:

Somerville near Colleges

Premises Details:

1,500 Sqft

Size in square feet:
1500 Sq Ft+

Business Operation

Expansion Potential:

Night life, recently acquired beer and wine license will provide opportunity for higher profit (est. $50-$100k), capacity to expand beyond 2 mile delivery area and various catering options, good and friendly neighborhood.

Competition / Market:

Few

Reasons for selling:

Investment Style to Real Estate Investment Ownership

Trading hours:

10:30am - 10:30pm

Employees:
5- 8 part time and full time combined
Years established:
10+ Year

Other Information

Support & training:

Seller / chef willing to provide support

Financing available:

Yes up to 35%

Furniture / Fixtures value:
$200,000 (USD) - included in the asking price
Inventory / Stock value:
$2,500 (USD) - included in the asking price

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