Restaurant & concept for sale on Shrewsbury Street Ma

Restaurant & concept for sale on Shrewsbury Street Ma


This is the opportunity for a lifetime in Worcester, especially with the upcoming 2021-2023 Worcester Red Sox stadium project: The ballpark, which will be built in the Kelley Square area as part of an overall $240 million redevelopment of that part of the city, will be the new home of the Boston Red Sox’ top minor league team starting in the 2021 season. On Shrewsbury Street we have the opportunity and the blessing to have this location, mostly for exposure and also to display our fusion culture all over the community. C’Mondz Restaurant previously occupied 795 Concord St. in Framingham, but closed that location to move to a larger space in Worcester to accommodate more customers and expand the menu to include breakfast and brunch options. Its new space in Worcester used to be occupied by Meze Greek Tapas, which moved a few doors down, to 166 Shrewsbury St., and was renamed Meze Estiatorio. In this era where more and more restaurant concepts are evolving towards "Fusion" to accommodate and satisfy a more larger,millennial demand than 15 years ago ...of Vegan trend, this fusion allows you to have all your friends or family on the same table, regardless of their food preferences.There’s a history behind that. It’s about culture - it’s about a mixture of people coming from all over the world to enjoy the food.” Menu items include bronzino fish fillet, French mussels, chicken piccata and pad thai. Guests can also select options from a separate vegan menu.



Location

Country:

USA

State or Province:

MA

City:

Worcester

Location Zip or Postal Code:

1604

Listing Information

Service Type:

Sit-Down Table Service, Catering

Title of Listing:

Restaurant & concept for sale on Shrewsbury Street Ma

Year Established:

2018

Number of Locations:

1

Number of Seats:

51-150

Size:

2100, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Hours of Operation:

Wednesday to Sunday: 5PM-10PM Dinner Friday to Sunday: 8AM- 2PM Breakfast?brunch

Growth or Expansion Opportunities:

with opening of Bar area, 50% growth on sales

Reason for Selling:

Other business project to embrace and Outreach mission Abroad

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Training Provided:

Yes

Financial Details

Asking Price:

$300,000

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000-$300,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Value included in price?:

Yes

Vendor Financing Available:

Yes

Asset or Share Sale:

Flexible

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

4 years

Total Monthly Rent:

$3,300 with increment of 3% each year

Contact Listing Owner