This fully equipped, turnkey Cape Verdean restaurant located on Geneva Ave, just steps from Fields Corner Station in Boston, is a rare opportunity for an aspiring restaurateur or experienced operator. Boasting over $400,000 in annual gross revenue and benefiting from low rent with favorable lease terms, this business is a proven, profitable venture. The prime location ensures high visibility and foot traffic in a bustling neighborhood, perfect for showcasing its authentic Cape Verdean cuisine. The restaurant comes fully equipped with all kitchen appliances, furniture, fixtures, and equipment (FFE), and has an established customer base with a strong local reputation. The current owner is open to staying on for a training period to ensure a smooth transition (compensation negotiable). Perfect for first-time buyers or seasoned operators, this turnkey operation offers tremendous potential for growth. Lease terms, financials, and inventory list are available to qualified buyers.
481 Geneva Ave, Boston, MA, 02124
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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