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WANTED - Boston Restaurant Liquor Licenses: 

 

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All Alcoholic Beverages or Beer & Wine

 

We have qualified Buyers who are looking for licenses.

 

 Please Call us today!!!

Todd C. Smith - 617-948-3394

 
Corbett Restaurant Group offers, for your consideration, information regarding the sale of the following listing:
 American Tavern & Sports Bar
 
American Tavern & Sports Bar 
 {CONFIDENTIAL}
Full Liquor & Entertainment
 
LOCATION: Essex County
CONCEPT: Tavern & Sports Bar
SEATING:  96 Seats
SIZE:  2,000 square feet 
LICENSES:  Full Liquor & Entertainment
RENT:  $2,600 NNN 
HOURS: 4:00 PM - 2:00 AM 
SALES: $405,000 (55% Alcohol)
CASH FLOW:  $105,000 
 
OPPORTUNITY: 

 

This classic American Tavern and Sports Bar offers delicious casual dining with a fun and friendly atmosphere.

The facility has been completely renovated recently and is ideal for watching sports, and enjoying live entertainment.  New ownership could grow Sales by being more involved and by expanding the hours of operation.  This is a turn-key opportunity and financing is available for qualified Buyers.

 
ASKING PRICE: $199,000 (Financing Available)  

Calling all Boston Restaurant Owners.

FOX’s Hit Show “Kitchen Nightmares” is Coming to Boston!!!

Calling all Restaurant Owners

Who: The producers of the Fox Show “Kitchen Nightmares”, hosted by Gordon Ramsay, looking for restaurants to participate in the upcoming season.

What: A casting call for some of Boston and the surrounding areas restaurants that are in need of a facelift and some professional advice from Chef Ramsay. They are looking for restaurants that are a little run down and need a little revitalization or a concept change.

Interested restaurants should include their name and contact info (including a phone number), restaurant name and specialty, how many seats and the restaurant should be considered.

*Restaurants must have been open at least one year, offer dinner service, and have at least 35 seats.

Other: If you are a Restaurant Owner fill out or download the application online at: www.theconlincompany.com and email it back to: KitchenNightmaresCasting@gmail.com or call: 1-323-252-2353.

Corbett Restaurant Group - Todd Smith - CLICK HERE

Ten Post Office Square 8th Floor Boston, MA. 02109            www.CorbettRestaurantGroup.com
Quincy Bar & Grill
SPORTS BAR & GRILL QUINCY 
 {CONFIDENTIAL}
 
Live Music!!!
 
LOCATION: Quincy
CONCEPT:  Sports Bar & Grill
SEATING:  85 Seats
SIZE:  2,400 square feet
LICENSES:  Cabaret/Live Music/DJ
SALES: $520,000 in 2009
RENT:  $4,194 (plus triple nets) 
HOURS: 11:30 AM - 1:00 AM  
CASH FLOW:  $93,600 per year
 
OPPORTUNITY: 
Sports Bar & Grill with Full Liquor and Live Music.  This Bar has great visibility and is surrounded by strong activity generators.  The facility has been recently renovated and is in very good condition.  Sales have grown steadily over the past several years and with a 60% alcohol to 40% food ratio it is a very desirable business to own.  The discretionary earning are currently $93,600 per year but sales and profitability could be grown significantly with an experienced Operator that is actively involved in the business.
 
ASKING PRICE: $345,000 (For the Business)

Spanish Tapas Bar & 
Restaurant

TAPAS BAR & RESTAURANT 
 {CONFIDENTIAL}
Award Winning Concept!!!
 
LOCATION: South Shore
SEATING:  90 Seats
SIZE:  2,500 square feet
LICENSES:  Full Liquor
SALES: $900,000 in 2009
RENT:  $5,000 (plus triple nets) 
HOURS: 5:30 PM - 1:00 PM (Wed - Sat)
CONCEPT:  Spanish Tapas Bar/Restaurant  
CASH FLOW:  $150,000
 
OPPORTUNITY: 
Award winning Spanish Tapas Bar & Restaurant concept located on the South Shore.  The space has a contemporary layout with leasehold conditions like new.  Currently they are only open for dinner four nights a week.  This is a growing and profitable business that is poised to be taken to the next level.  You cannot replicate these conditions for the asking price...this is a must see!!
 
ASKING PRICE: $275,000 (Financing Available!!)
 

Back Bay Restaurant with Real Estate

Description: Corbett Restaurant Group - CLICK HERE

Located in the very desirable Back Bay neighborhood of Boston.

This profitable restaurant is surrounded by students, residents, businesses and other activity generators. T

he site is situated on one of the busiest roads in the neighborhood and enjoys excellent visibility and high traffic counts.

The current concept is higher end and has a cash flow of $130,000; this is a perfect fit for a Chef/Owner/Operator.

Financing available with 25% down!!

Location: Back Bay
Concept: Wine Bar
Size: 860 s/f
Parking: Valet
Seating: 40 seats
Licenses: Beer, Wine & Cordial
Condition: Very Good
Hours: 5:30 PM - 11:30 PM
Sales: $465,000
Lease Terms: N/A
Rent: N/A
Asking Price $760,000
More information Click Here

Call:  Todd Smith at 617-948-3394


Second Jerry Remy’s set for waterfront

Also, last call near for Sam’s Cafe

By Donna Goodison / Turning the Tables  |   Friday, May 28, 2010  |  http://www.bostonherald.com  |  Business & Markets

Photo by Christopher Evans - Boston Restaurants for Sale

Photo by Christopher Evans

A second Hub location for Jerry Remy’s Sports Bar & Grill is in the works for the Seaport District.

The NESN Red Sox [team stats] color analyst and former Sox second baseman’s company has a handshake deal with the Cronin Group to open a 200-seat Remy’s at Liberty Wharf, the $43 million waterfront development in South Boston.

The 5,000-square-foot sports bar and restaurant will be patterned after the larger Remy’s that opened in March on Boylston Street, in the shadow of Fenway Park [map], with Sox memorabilia, huge high-def TVs and upscale comfort food.

Jon Cronin, the largest investor in the original Remy’s, reignited that $5 million project after a planned opening for the 2009 Red Sox season was stalled due to a lack of financing.

“We’re going to do two restaurants down on the old Jimmy’s Harborside site: One is going to be a Remy’s and the other is going to be upscale Mexican,” Cronin said. “With the (Boston Convention & Exhibition Center) and people coming into town - and the Red Sox obviously being a national team - I think that personality and concept will be a good fit.”

The RemDawg’s business partner, LTS Sports president John O’Rourke, confirmed the plans.

“We have a very good relationship with Jon Cronin, and we would give him the opportunity of franchising the brand,” O’Rourke said. “Jerry would be involved heavily in that, and we may or may not have an ownership piece of that as well.”

Cronin also owns Atlantic Beer Garden and the recently opened Whiskey Priest just down the street on the waterfront, among other properties in Boston, Pittsburgh and Ireland.

He’ll spend $5 million to build out Remy’s and the 200-seat Mexican restaurant. James Beard Award-winner Todd Hall, who had been culinary director for the first Remy’s, will be the executive chef of the as-yet-unnamed Mexican eatery. Hall was the opening chef for La Hacienda at the Fairmont Scottsdale hotel in Arizona, a four-star Mobil restaurant that’s since been revamped.

Both restaurants will be on the first floor of Liberty Wharf’s west building and will split 140 waterfront patio seats. December openings are planned.

The two restaurants will join a three-story, 20,000-square-foot Legal Sea Foods restaurant and California-based Tavistock Group’s ZED451 steakhouse at Liberty Wharf, a project by Boston’s Cresset Development.

“With the addition of Remy’s next to Legal Sea Foods’ newest restaurant, the Seaport District is really going to take off next summer,” said Vivien Li, executive director of the Boston Harbor Association. “We now have Louis on the waterfront . . . and there’s discussion of a future extension of the convention center. It really provides tourists a destination on this part of the waterfront.”

  • Sam’s Cafe at Cheers is on its swan song after seven years at Faneuil Hall Marketplace.

    Owner Thomas Kershaw has put the restaurant and bar space - named after Sam Malone, the beloved bartender and former Sox relief pitcher in the “Cheers” TV sitcom - up for sale 1 years before his lease expires.

    The 175-seat Sam’s Cafe and its 70-seat patio are on the northwest corner of the Quincy Market Building, opposite Kershaw’s “replica” Cheers bar, which will remain open.

    “Cheers is better than Sam’s - it always has been,” said Kershaw, who also owns the original Cheers on Beacon Hill, the former Bull & Finch Pub that was the inspiration for the TV series. “We feel that Sam’s is cutting into the potential for Cheers.”

    Sam’s lacked an identity, said Kershaw, who originally opened it as TK’s Jazz Cafe in 2002 before changing the concept a year later.

    “I can describe the Cheers side very well,” he said. “(Sam’s) just never had a personality of its own.”

    Article URL: http://www.bostonherald.com/business/general/view.bg?articleid=1257846


  • Restaurant Closings and Openings in the Boston Area


    Boston Restaurant Closings and Openings Courtesy of:  Hidden Boston

    Click HERE for More Hidden Boston Restaurant Information

    April, 2010

    CLOSED:
    -- 33 Restaurant and Lounge, Boston (Back Bay), MA
    -- Poppy's Diner and Pizza, Peabody, MA
    -- Shabu Shabu Toki, Allston, MA

    OPEN:
    -- Agave Mexican Grille and Tequila Bar, Malden, MA
    -- Benvento's, Boston (North End), MA
    -- Bergamot, Somerville, MA
    -- Garlic N Lemons, Allston, MA
    -- Karma, Weymouth, MA
    -- Mehak, East Boston, MA
    -- Menton, Boston, MA
    -- Scoozi, Boston, MA
    -- Stoddard's Fine Food and Ale, Boston, MA
    -- Temptations Cafe, Brookline, MA
    -- Toki Super Fusion, Allston, MA

    March, 2010

    CLOSED:
    -- Carmen's Kitchen, East Boston, MA
    -- Finz, Dedham, MA
    -- Hot Tomatoes, Boston (North End), MA

    OPEN:
    -- Buddachen, Brookline, MA
    -- Center Cafe, Needham, MA
    -- El Pelon Taqueria, Brighton, MA
    -- EVOO, Cambridge, MA
    -- Let's go Burrito, Woburn, MA
    -- Nud Pob, Boston, MA
    -- Siam Bistro, Boston, MA
    -- Twitters Bar and Grill, Saugus, MA
    -- Turbine Wine Bar, Lynn, MA
    -- Za, Cambridge, MA

    February, 2010

    CLOSED:
    -- Jae's Cafe, Brookline, MA
    -- Roadhouse Restaurant, Brookline, MA
    -- Wu Chon House, Somerville, MA

    OPEN:
    -- American Craft, Brookline, MA
    -- Cafe at Mohr and McPherson, Boston (South End), MA
    -- Cutty's, Brookline, MA
    -- Fat Cactus, Lynnfield, MA
    -- Formosa Taipei, Lexington, MA
    -- J'Way Cafe, Jamaica Plain, MA
    -- Pulse Cafe, Somerville, MA

    January, 2010

    CLOSED:
    -- The Battery, Brighton, MA
    -- El Pollo Loco, Chelsea, MA
    -- Littlenecks Bar and Grill, Weymouth, MA
    -- Seaport Bar and Grille, Boston, MA

    OPEN:
    -- Azama Grill, Allston, MA
    -- Beacon Grille, Woburn, MA
    -- Bistro Chi/Kama Lounge, Quincy, MA
    -- Daily Catch, Brookline, MA
    -- East by Northeast, Cambridge (Inman Square), MA
    -- Khayam, Brookline, MA
    -- Milestone, Wellesley, MA
    -- Parish Cafe, Boston (South End), MA
    -- Pizza Party, Braintree, MA
    -- Robinwood Cafe and Grille, Jamaica Plain, MA
    -- Six Burner, Boston (Back Bay), MA
     

    December, 2009

    CLOSED:
    -- Jin Asian Restaurant, Saugus, MA

    OPEN:
    -- Absolutely Fabulous, Melrose, MA
    -- Arbri Cafe, Roslindale, MA
    -- Aristo Cafe, Boston, MA
    -- Barlow's, South Boston, MA
    -- Bisuteki Japanese Steakhouse and Sushi Bar, Cambridge, MA
    -- Cafe Graffiti, Boston (North End), MA
    -- Coppa, Boston (South End), MA
    -- The Chateau, Waltham, MA
    -- House of Chang, Cambridge (Huron Village), MA
    -- Jazz Bar and Cafe, Roslindale, MA
    -- Legal C Bar, Dedham, MA
    -- Mick Morgan's, Newton, MA
    -- Nickel's Grille, Woburn, MA
    -- Poppy's Diner and Pizza, Peabody, MA
    -- Symphony 8, Boston, MA

    November, 2009

    CLOSED:
    -- C.F. Dononvan's, Dorchester, MA
    -- Fava, Needham, MA
    -- Skyline Restaurant, Quincy, MA

    OPEN:
    -- Bistro Du Midi, Boston, MA
    -- Bobby's Grille, Wellesley, MA
    -- Congas, Cambridge (Harvard Square), MA
    -- La Puerta Del Sol, Revere, MA
    -- Lazziz Restaurant, Watertown, MA
    -- Lord Hobo, Cambridge, MA
    -- M.J. Ready, Brookline, MA
    -- Ravi's Pasta and Pizzeria, Malden, MA
    -- Regal Beagle, Brookline, MA
    -- Sea to You, Brookline, MA
    -- Singh's Cafe, Wellesley, MA
    -- Summer Shack, Hingham, MA
    -- Symphony 8, Boston, MA
    -- Woodward, Boston, MA

    October, 2009

    CLOSED:
    -- Edgewater Cafe, Salem, MA
    -- Franky 'N the Boys, Brookline, MA
    -- The Jury Room, Quincy, MA
    -- Pho Republique, Boston (South End), MA

    OPEN:
    -- Basta Pasta, North Quincy, MA
    -- Cafe 57 and Grille, Brighton, MA
    -- FireBox BBQ Restaurant, Bedford, MA
    -- Ginger Exchange, Cambridge (Inman Square), MA
    -- Lee's Burger Place, Newton Centre, MA
    -- Littlenecks Bar and Grill, Weymouth, MA
    -- Market by Jean-Georges, Boston, MA
    -- Peace o' Pie, Allston, MA
    -- Rose and Vicki's, Weymouth, MA

    September, 2009

    CLOSED:
    -- BanQ, Boston (South End), MA
    -- Lucille's Fine Chicken, Saugus, MA
    -- Tigerlily, Boston, MA
     

    OPEN:
    -- 290 Main Restaurant and Lounge, Malden, MA
    -- Aquitaine, Dedham, MA
    -- Fusion Taste, Arlington, MA
    -- Ginger Park, Boston (South End), MA
    -- Montebello Ristorante Italiano, Malden, MA
    -- Myung Dong 1st Avenue, Allston, MA
    -- Post 390, Boston (Back Bay), MA
    -- Red Lentil, Watertown, MA
    -- Sofia Italian Steakhouse, West Roxbury, MA
    -- Stadium Sports Bar and Grill, Quincy, MA
    -- Trina's Starlite Lounge, Somerville, MA
    -- Tom Yum Koong II, Arlington, MA
    -- Zaps, Allston, MA

    August, 2009

    CLOSED:
    -- Achilles-Persephone (The Achilles Project), Boston, MA
    -- Gavens, Middleton, MA
    -- Mifune, Arlington, MA
    -- Vela, Wellesley, MA
    -- Zon's, Jamaica Plain, MA

    OPEN:
    -- Abby Park, Milton, MA
    -- Dorado Tacos and Cemitas, Brookline, MA
    -- The Ledge, Dorchester (Lower Mills), MA
    -- Mount Vernon Restaurant, Lynnfield, MA
    -- Olecito, Boston (Kenmore Square), MA
    -- Pomodoro, Needham, MA
    -- Prana Cafe, Newton, MA
    -- The Stork Club, Boston (South End), MA
    -- Tu Y Yo, Needham, MA

    July, 2009

    CLOSED:
    -- Capri Restaurant and Wine Bar, Braintree, MA
    -- Icarus, Boston (South End), MA
    -- Sweet Sue's Cafe, Arlington, MA

    OPEN:
    -- 88 Wharf Restaurant, Milton, MA
    -- Apollo Restaurant, Lynn, MA
    -- Big Papi's Grille, Framingham, MA
    -- Bubor Cha Cha, Boston (Chinatown), MA
    -- Ducali Pizzeria and Bar, Boston (North End), MA
    -- Nourish Restaurant, Lexington, MA
    -- Tajine, Cambridge, MA

    June, 2009

    CLOSED:
    -- Aujourd'hui, Boston, MA
    -- Cafe Latino, Boston, MA
    -- Great Bay, Boston (Kenmore Square), MA
    -- Greek Corner, Cambridge (Harvard Square), MA
    -- Green Tomato 2, Somerville (Davis Square), MA
    -- Montien, Cambridge (Inman Square), MA
    -- Shabu Square, Cambridge (Harvard Square), MA
    -- T-Rex Taqueria, Brookline, MA

    OPEN:
    -- Coriander, Sharon, MA
    -- Falafel Corner, Cambridge (Harvard Square), MA
    -- The Federal, Boston (Beacon Hill), MA
    -- Jade Garden Restaurant, Boston (Chinatown), MA
    -- The King, West Roxbury, MA
    -- Lilly's Gourmet Pasta Express, Allston, MA
    -- Linda Bean's, Hull, MA
    -- Pasha, Arlington, MA
    -- Skara Grill, West Roxbury, MA
    -- Suffolk Grille, Canton, MA
    -- The Talk Restaurant, Watertown, MA
    -- Tavern in the Square, Salem, MA

    May, 2009

    CLOSED:
    -- Pho Yan, Medford, MA
    -- Tsunami Japanese Cuisine, Arlington, MA
    -- Venice Cafe, Boston (Beacon Hill), MA

    OPEN:
    -- Crafts Street Cafe, Newtonville, MA
    -- Eat at Jumbo's, Somerville (Ball Square), MA
    -- Exotic Sushi and Tapas, Boston, MA
    -- Forty Carrots, Chestnut Hill, MA
    -- J's Tomodachi Sushi, Boston (Back Bay), MA
    -- Pazzo, Boston (Back Bay), MA
    -- Rowes Wharf Sea Grille, Boston (Waterfront), MA
    -- Sip Cafe, Boston, MA
    -- Teranga Restaurant, Boston (South End), MA
    -- Wonder Taste, Medford, MA

    April, 2009

    CLOSED:
    -- Coriander Bistro, Sharon, MA
    -- Max Stein's, Lexington, MA
    -- Uncle Pete's Hickory Ribs, Revere, MA

    OPEN:
    -- The Blue Ox Restaurant and Bar, Lynn, MA
    -- Boston Burger Company, Somerville (Davis Square), MA
    -- Dawat, Allston, MA
    -- Farm Bar and Grille, Essex, MA
    -- Il Casale, Belmont, MA
    -- Lansdowne Pub, Boston (Fenway), MA
    -- Lucille's Fine Chicken, Lynnfield, MA
    -- Palio's Italian Grill, Lexington, MA
    -- Pollo Campero, Chelsea, MA
    -- Ronnarong Thai Tapas Bar, Somerville (Union Square), MA
    -- Tory Row, Cambridge (Harvard Square), MA
    -- Tupelo, Cambridge (Inman Square), MA

    March, 2009

    CLOSED:
    -- Banjos Restaurant, Weymouth, MA
    -- Great Thai Chef, Somerville (Union Square), MA
    -- Maria Bonita, North Cambridge, MA
    -- Restaurant L, Boston (Back Bay), MA
    -- Something Savory (restaurant only), Arlington, MA
    -- Three Aces Pizza, Cambridge, MA

    OPEN:
    -- Antique Table, Lynn, MA
    -- Cafe 47, Boston (Back Bay), MA
    -- Great Taste Bakery and Restaurant, Boston (Chinatown), MA
    -- Habesha, Malden, MA
    -- Halal Indian Cuisine, Boston (Brigham Circle), MA
    -- Pho House, Cambridge, MA
    -- Stephi's on Tremont, Boston (South End), MA
    -- Teele Square Cafe, Somerville (Teele Square), MA
    -- UBurger, Allston, MA

    February, 2009

    CLOSED:
    -- Antonia's, Somerville (Davis Square), MA
    -- Blue Ocean, Brookline (Coolidge Corner), MA
    -- Cibo, Boston (North End), MA
    -- Excelsior, Boston, MA
    -- News, Boston (Leather District), MA
    -- Rangoli, Allston, MA
    -- Soleil Cafe, Somerville (Teele Square), MA

    OPEN:
    -- Grand Chinatown, North Quincy, MA
    -- Grille Eighteen, Weymouth, MA
    -- Panza, Boston (North End), MA
    -- Pete's Place Bar and Grill, Stoughton, MA
    -- Pho and Rice, Somerville, MA
    -- Ristorante Pavarotti, Reading, MA
    -- Ten Tables, Cambridge, MA

    January, 2009

    CLOSED:
    -- Brown Sugar Cafe, Boston, MA
    -- The Dish, Boston (South End), MA
    -- Highland Cafe, Malden, MA
    -- Paddock Pub, Walpole, MA
    -- Reef Cafe, Allston, MA
    -- Rio Brazilian BBQ, Arlington, MA

    OPEN:
    -- BOND Restaurant and Lounge, Boston, MA
    -- Jerusalem Pita, Brookline, MA
    -- Rudi's Resto Cafe, Boston, MA
    -- Taipei Tokyo, Woburn, MA
    -- Thaitation Restaurant, Boston, MA

    December, 2008

    CLOSED:
    -- Carving Station, Boston, MA
    -- Emedio's, Boston (North End), MA
    -- Suvarnabhumi Kiri, Allston, MA

    OPEN:
    -- Basha Cafe, Cambridge, MA
    -- French Memories, Sharon, MA
    -- Ghazal Fine Indian Cuisine, Jamaica Plain, MA
    -- Grille 705, Boston (South End), MA
    -- House of Siam, Boston (South End), MA
    -- Lavender Asian Cuisine and Bar, Sudbury, MA
    -- Masa Southwest Bar and Grill, Woburn, MA
    -- Max & Dylan's, Charlestown, MA
    -- Nico Ristorante, Boston (North End), MA
    -- Shabu-Ya, Cambridge (Harvard Square), MA

    November, 2008

    CLOSED:
    -- Abbey Lounge, Somerville, MA
    -- Blue Ocean, Brookline, MA
    -- B-Side Lounge, Cambridge, MA
    -- Giuseppi's Kitchen, Medford, MA
    -- Scampi's Seafood Restaurant, Tewksbury, MA

    OPEN:
    -- Bina Osteria, Boston, MA
    -- Craigie on Main, Cambridge, MA
    -- Emilianoz Mexican Grill, Medford, MA
    -- Franklin Cafe, South Boston, MA
    -- Greek Grille, Winchester, MA
    -- John Brewer's Tavern, Malden, MA
    -- The Littlest Bar, Boston, MA
    -- The Local Restaurant, West Newton, MA
    -- Shabu Square, Cambridge (Harvard Square), MA
    -- Sportello, Boston, MA
    -- Taste of Siam, Stoneham, MA
    -- Tsunami, Arlington, MA
    -- Vintage (re-opened), West Roxbury, MA

    October, 2008

    CLOSED:
    -- Anise, Cambridge (Kendall Square), MA

    OPEN:
    -- Asana, Boston (Back Bay), MA
    -- Atlantic Beer Garden, Boston (Seaport District), MA
    -- The Battery, Brighton, MA
    -- Bull McCabe's, Somerville (Union Square), MA
    -- Drink, Boston, MA
    -- Erbaluce, Boston (Bay Village), MA
    -- High Street Grill, North Andover, MA
    -- Mike & Patty's, Boston (Bay Village), MA
    -- Nine Elm American Bistro, Danvers, MA
    -- Olivadi, Norwood, MA
    -- Oran Cafe, East Boston, MA
    -- Tamarind Bay, Brookline, MA
    -- Zing Pizza, Cambridge (Porter Square), MA

    September, 2008

    CLOSED:
    -- Aneka Rasa, Allston, MA
    -- Grand Chau Chow, Boston (Chinatown), MA
    -- Eastern Pier II, Boston, MA
    -- Jimbo's Steak and Fin, Braintree, MA
    -- Sabor Do Brasil, Somerville, MA

    OPEN:
    -- BurgerWorks, Beverly, MA
    -- Ecco, East Boston, MA
    -- Jerry Remy's Sports Bar and Grill, East Boston, MA
    -- Korean King Barbecue Restaurant, Canton, MA
    -- Max & Dylan's, Boston, MA
    -- Ristorante Damiano, Boston (North End), MA
    -- Roadhouse BBQ, Brookline, MA
    -- Stone Hearth Pizza, Cambridge (Porter Square), MA
    -- T-Rex Taqueria, Brookline, MA

    August, 2008

    CLOSED:
    -- Cafe D, Jamaica Plain, MA
    -- diMio, Cambridge (Porter Square), MA
    -- Downtown Bistro and Wine Bar, Lynn, MA
    -- GioMatti Ristorante, Braintree, MA
    -- Paesan's, Boston (North End), MA
    -- Sarsfields, Quincy, MA
    -- Thai Village, Boston (South End), MA
    -- Tullio's, Quincy, MA

    OPEN:
    -- Cela's, Quincy, MA
    -- Clash of the Ash, Quincy, MA
    -- Franky N' the Boys, Brookline, MA
    -- The Green Tomato, Somerville (Davis Square), MA
    -- Hen House Wings and Waffles, Boston, MA
    -- King Do Baquette and Pastry, Dorchester, MA
    -- Lady Siam, Arlington, MA
    -- Marliave, Boston, MA
    -- Sweet Ginger, Somerville (Union Square), MA
    -- Tavolo, Dorchester, MA

    July, 2008

    CLOSED:
    -- Ali Baba, Cambridge, MA
    -- India's Finest, Wakefield, MA
    -- Ortanique, Cambridge, MA
    -- Rachel's Kitchen, Boston (Bay Village), MA

    OPEN:
    -- Annapurna Restaurant, Cambridge, MA
    -- D Street Cafe, South Boston, MA

    June, 2008

    CLOSED:
    -- Zain's, Quincy, MA

    OPEN:
    -- Bobby C's Ristorante, Melrose, MA
    -- Falafel King, Quincy, MA
    -- Four Burgers, Cambridge (Central Square), MA
    -- Jo Jo TaiPei, Allston, MA
    -- Maya Sol, Somerville, MA
    -- Montecristo Mexican Grill, Boston (Brigham Circle), MA
    -- Shabu, Quincy, MA
    -- Sushiya, Watertown, MA
    -- Trata, Cambridge (Harvard Square), MA

    May, 2008

    CLOSED:
    -- Boston Public, Boston (Back Bay), MA
    -- Cafe Italia, Boston (Brigham Circle), MA
    -- Caffe Italia, East Boston, MA
    -- Garden of Eden, Boston (South End), MA
    -- La Groceria, Cambridge, MA
    -- New Trend Eatery, Allston, MA
    -- Peking Cuisine, Watertown, MA

    OPEN:
    -- Comfort, Watertown, MA
    -- Jury Room, Quincy, MA
    -- MexiCali Burrito Co., Cambridge (Kendall Square), MA
    -- Paesan's, Boston (North End), MA
    -- Rodizio Brazilian Steakhouse, Somerville, MA
    -- Shiraz Cuisine, Watertown, MA
    -- Singabella Cafe, Cambridge, MA
    -- Snappy Sushi, Somerville (Davis Square), MA
    -- Viola Restaurant and Wine Bar, Braintree, MA

    April, 2008

    CLOSED:
    -- Nori Sushi, Brookline, MA
    -- Panificio, Boston (Back Bay), MA

    OPEN:
    -- G Bar and Kitchen, Swampscott, MA
    -- Genki Ya, Brookline, MA
    -- Kayuga II, Arlington, MA
    -- Osaka Shabu, Dorchester (Fields Corner), MA
    -- Scampo, Boston, MA
    -- Townsend's, Hyde Park, MA
    -- Wicked: A Boston Bistro, Sharon, MA

    March, 2008

    CLOSED:
    -- La Brace, Boston (North End), MA
    -- Takeshima, Brookline (Coolidge Corner), MA
    -- Yerardi's, Newton, MA

    OPEN:
    -- Blue Ocean, Brookline (Coolidge Corner), MA
    -- Hungry Mother, Cambridge, MA
    -- Johnnie's on the Side, Boston, MA
    -- Pacific Restaurant, Roxbury, MA
    -- Zain's, Quincy, MA

    February, 2008

    CLOSED:
    -- Black Rhino, Boston, MA
    -- Quiet Man Pub, South Boston, MA

    OPEN:
    -- BanQ Restaurant, Boston (South End), MA
    -- Central 37, Boston, MA
    -- Grezzo, Boston (North End), MA
    -- Persephone, Boston, MA
    -- Pho and Thai, Belmont, MA
    -- Privus, Allston, MA
    -- Wrapro, Cambridge, MA

    January, 2008

    CLOSED:
    -- Grille Zone, Boston, MA
    -- Sushi 21, Watertown, MA
    -- Vidalia's Truck Stop, Wellesley, MA

    OPEN:
    -- Benatti, Cambridge (Inman Square), MA
    -- Cafe Italia, Boston (Brigham Circle), MA
    -- The Cottage, Wellesley, MA
    -- Oceanaire Seafood Room, Boston, MA
    -- Winsor Dim Sum Cafe, Boston (Chinatown), MA

    December, 2007

    CLOSED:
    -- Java Jo's, Milton, MA

    OPEN:
    -- Cafeteria, Boston (Back Bay), MA
    -- Fat Cat, Quincy, MA
    -- Ginger Root, Newton, MA
    -- Gitlo's Dim Sum Bakery, Allston, MA
    -- Tavern in the Square, Cambridge (Porter Square), MA
    -- Wisteria House, Cambridge, MA

    November, 2007

    CLOSED:
    -- Asiana Grille, Arlington, MA
    -- Bob's Southern Bistro, Boston (South End), MA
    -- Buddy's, Arlington, MA
    -- Crawdad's North, Ipswich, MA
    -- West Street Grille, Boston, MA

    OPEN:
    -- Blue 22 Bar and Grille, Quincy, MA
    -- Da Vinci Restaurant, Boston, MA
    -- Haru, Boston (Back Bay), MA
    -- La Voile, Boston (Back Bay), MA
    -- Saray, Allston, MA
    -- Shanghai and Tokyo, Arlington, MA
    -- Small Plates, Cambridge (Harvard Square), MA
    -- Stix Restaurant and Lounge, Boston (Back Bay), MA
    -- Summer Winter, Burlington, MA
    -- Teppanyaki Asian Cuisine, Lexington, MA

    October, 2007

    CLOSED:
    -- O Cantinho, Cambridge, MA

    OPEN:
    -- Al Fresco, Somerville, MA
    -- Cafe 303, East Boston, MA
    -- Church, Boston (Fenway), MA
    -- India's Finest, Wakefield, MA
    -- L'Andana, Burlington, MA
    -- Tashi Delek, Brookline, MA

    September, 2007

    CLOSED:
    -- Anthem, Boston, MA
    -- Zafferano, East Boston, MA

    OPEN:
    -- Angela's Cafe, East Boston, MA
    -- Ball Square Cafe, Somerville, MA
    -- Clink, Boston, MA
    -- Kingston Station, Boston, MA
    -- Kitchen on Common, Belmont, MA
    -- Manna Sushi, Arlington, MA
    -- Mt. Everest Kitchen, Allston, MA
    -- Myers and Chang, Boston, MA
    -- 163 Vietnamese Sandwiches, Boston (Chinatown), MA
    -- Rio Brazilian Barbeque, Arlington, MA
    -- The Savant Project, Boston (Brigham Circle), MA
    -- 2nd Cup Cafe, Allston, MA
    -- School House Pizza, Quincy, MA
    -- Vlora, Boston (Back Bay), MA

    August, 2007

    CLOSED:
    -- Bombay Classic, Arlington, MA
    -- Green Field Churrascaria, Allston, MA
    -- International Buffet, Quincy, MA
    -- Trattoria Alba, Quincy, MA
    -- V. Majestic, Allston, MA

    OPEN:
    -- Abruzzo, Boston (North End), MA
    -- China Pearl, Quincy, MA
    -- Flippin' Burgers, Newton Centre, MA
    -- Gaslight, Boston (South End), MA
    -- Mango Grill, Watertown, MA
    -- Wagamama, Cambridge (Harvard Square), MA

    July, 2007

    CLOSED:
    -- Copia, Charlestown, MA
    -- Kaya, Boston (Back Bay), MA

    OPEN:
    -- Mooo, Boston (Beacon Hill), MA
    -- Mrs. Jones, Dorchester (Lower Mills), MA
    -- Scarlet Oak Tavern, Hingham, MA
    -- Smoken' Joe's, Brighton, MA
    -- Taipei Tokyo, Somerville (Davis Square), MA

    June, 2007

    CLOSED:
    -- Peking Tom's, Boston, MA

    OPEN:
    -- Allora Ristorante, Marlborough, MA
    -- Coda, Boston (South End), MA
    -- Danny's Diner, Somerville, MA
    -- Grille Zone, Boston, MA
    -- Salvatore's, Boston (Seaport District), MA
    -- Suvarnabhumi Kiri, Allston, MA

    May, 2007

    CLOSED:
    -- Emily's, Chelsea, MA
    -- Firenze, Brookline, MA
    -- Las Palmas de Cuba, Hanover, MA

    OPEN:
    -- Addis Red Sea, Cambridge (Porter Square), MA
    -- Firefly's, Quincy, MA
    -- KO Prime, Boston, MA
    -- New Trend Eatery, Allston, MA
    -- Potluck Cafe, Boston (Chinatown), MA
    -- Sushi-Teq, Boston, MA
    -- T.W. Food, Cambridge, MA

    April, 2007

    CLOSED:
    -- Zoe's, Brookline, MA

    OPEN:
    -- Geoffrey's Cafe, Roslindale, MA
    -- La Verdad, Boston (Fenway), MA
    -- Mifune, Arlington, MA
    -- Rocca, Boston (South End), MA

    March, 2007

    CLOSED:
    -- Indian Club, Cambridge (Porter Square), MA

    OPEN:
    -- O Ya, Boston (Leather District), MA

    February, 2007

    CLOSED:
    -- Aspasia, Cambridge, MA
    -- Hilltop Restaurant, Braintree, MA

    OPEN:
    -- Biagio Ristorante and Bar, Waltham, MA
    -- Con Sol, Cambridge, MA
    -- Sagra, Somerville (Davis Square), MA
    -- YoMa, Allston, MA

    January, 2007

    CLOSED:
    -- Marino's, North Cambridge, MA

    OPEN:
    -- Alta Strada, Wellesley, MA
    -- Deep Ellum, Allston, MA
    -- 51 Lincoln, Newton Highlands, MA

    Boston Restaurant Closing and Openings Courtesy of:  Hidden Boston


    BOSTON RESTAURANT NEWS

    Courtesy of:  Gayot.com

    Boston Openings

    Reliable Newbury Street standby Joe's American Bar & Grill has a brand-new, two-story location. Formerly at the corner of Newbury and Dartmouth streets, Joe's has now set up shop a block down the street at the corner of Newbury and Exeter streets. The new location comes complete with fresh menu items and design touches. The bistro now offers an expansive patio, complete with retractable roof, for al fresco dining no matter what the weather. Downstairs, there's an antique 1890s-era bar and an exposed kitchen. There's also some new treats on the menu, including a tasty pressed Cuban sandwich and that ubiquitous comfort food, lobster mac and cheese. We're also fans of the heaping nacho plate and the crab cakes, a sizable portion with amazingly little filler. Joe's American Bar & Grill, 181 Newbury St., Boston, MA 02116, 617-536-4200.


    The Regal Beagle is now open for business in Brookline. Yes, the buzzy pub gets its name from "Three's Company," but the crowd here is more Brookline swank than 1970s sleaze. You'll find all the classics here, from gooey mac and cheese to a tasty cheddar burger to a perfectly lovely slow-roasted chicken. But we come for the cocktails, named (of course) after "Three's Company" characters. Try the Ladies' Man, with Rittenhouse rye, Angostura bitters, marinated cherries and a splash of vermouth. Regal Beagle, 308 Harvard St., Brookline, MA 02446, 617-739-5151.


    The Grafton Group---a pack of restaurateurs who operate countless Cambridge pubs---has done it again. Russell House Tavern is now open for business in Harvard Square, and the place is always packed. Look for wines on tap (yep, just like beer), a sleek oyster bar, and a wide-ranging New American menu sourced from hyper-local ingredients. And while just about every bistro in town offers a small plates menu, we're special fans of this one: Check out the crispy soft-poached chip-in farm egg with pecorino aioli and the yummy black Serrano ham with pickled pears. Cheers! Russell House Tavern, 14 JFK St., Cambridge, MA 02138, 617-500-3055.


    After much hype (and a few delays), Stoddard's Fine Food & Ale is finally poised to open on Temple Place. The historic building was constructed in 1868, and management wants to preserve the 19th-century vibe. You'll find old-fashioned drinks like rickeys, slings, and coolers, plus hearty New England fare like mushroom-stuffed quail. There's a private drinking club downstairs---which was originally billed as men-only, though women are welcome---an authentic shoe-shine stand, and plenty of old Boston artifacts festooning the walls. Stoddard's Fine Food & Ale, 48 Temple Pl., Boston, MA 02111, 617-426-0048.

    Boston Restaurant News

    Special Dinner in Honor of "Hell's Kitchen" Premiere
    To coincide with his appearance on the premiere of "Hell's Kitchen," executive chef Jason Santos is offering a special three-course prix-fixe dinner on June 1 at Gargoyles on the Square offering dishes he prepared on the television show. The "Hell's Kitchen" premiere episode will also feature Sophie Gayot of GAYOT.com presiding as a judge. The cost for the dinner is $50 per person and reservations can be made by calling 617-776-5300. Gargoyles on the Square, 219 Elm St., Somerville, MA 02144, 617-776-5300.


    Haru Sushi Updates Menu with Funky Sushi Specialties
    Swank Japanese eatery Haru trots out two new sushi rolls this month, Live Uni and the Spider Monkey. Live Uni ($7 per piece) cocoons fresh sea urchin sashimi in a sea urchin shell. The Spider Monkey ($16.50 per order), meanwhile, offers the winning combo of king crab, soft-shell crab, eel, ponzu sauce and yuzu tobiko. The rolls debut in order of spring---Haru means "spring" in Japanese. Haru, Prudential Center, 55 Huntington Ave., Boston, MA 02199, 617-536-0770.
    Metropolitan Club Brings Famous Burgers to Fenway Park


    Who needs Fenway Franks when you can dine on a juicy MET burger? Chestnut Hill's swanky Metropolitan Club now offers selections from their popular MET Burger Bar at Fenway, including the Met Beef Blend and a turkey burger (the first turkey burger ever offered at Fenway), both served on tasty Iggy's buns. Meanwhile, fans sitting in Fenway's Budweiser Deck can order the MET's DC burger (crowned with tomato, lettuce, red onion and American cheese) or their Boston Burger (bacon, cheddar, and---gulp---a fried egg). The Metropolitan Club, 1210 Boylston St., Chestnut Hill, MA 02467, 617-731-0600.

    Boston Chef Shuffle

    Fresh from Dunaway Restaurant at Strawberry Banke in New Hampshire, chef Mary Dumont arrives at Harvest to put her own stamp on the Cambridge institution’s locally sourced, seasonal repertoire. Harvest, 44 Brattle St., Cambridge, 617-868-2255.


    Buying a Restaurant: Six Hazards to Avoid

    1) Back Liabilities from a Restaurant Business For Sale
    Many times the bills which a previous owner has not paid to suppliers, tax agencies of the government, contractors, etc. can be "passed on" to the new owner without the new owner realizing. Always contact all past creditors of the current owner as to the status of the account. Review the check registers to get a list of suppliers and repair and maintenance companies who have done business with the current owner. Even if you are successful in separating yourself from the bills of the previous owner, a supplier may hesitate to do business with you based on not having been paid in the past. Always have an attorney research any liens or Uniform Commercial Code Filings on the business. Always fight for at least some owner financing to protect yourself against any liability and have the seller sign a statement allowing you to deduct any past debts directly from your payments to the seller.

    2) Health Department
    Always have a contingency in your offer for purchase which states that the review of the health department must be to your satisfaction. Many times the Health Department will use the fact that a sale has occurred to bring the restaurant up to current codes. The health department certificate must be in the name of the owner of the business or they can pull your license. Tens of thousands of dollars can be lost in unexpected repairs because the Health Department was not contacted prior to the sale.

    3) Sales and Expenses
    Always verify sales by checking the sales tax reports, the check registers to verify deposits, the accounting statements to compare the accountants or bookkeepers record of sales, and the tax returns, again as a comparison. Always verify expenses by checking the accounting statements, the tax returns, and even the returned checks for utility, repair and maintenance, and supplier bills.

    4) Non-Compete
    Always insist on a radius from the restaurant in which the previous owner will not open a competitive restaurant for a specific period of time. Even if the previous owner is retiring to Australia, he may decide he's bored in two years and come home to go in competition with you, the new owner.

    5) Reason For Sale
    Always check out any impending changes in the area or market which could cause the business sales to drop dramatically. Call the state and local departments of transportation to look into any road changes. Will your new restaurant be made much more inconvenient because of access or has the stale a plan to build a highway across your dining room? Always check with site plan submissions which a new competitor has filed to build a competing restaurant right down the street. Keep your ear to the ground and talk to anyone and everyone who knows the market.

    6) Equipment Repair
    Always have a knowledgeable serviceman check out the equipment for length of expected service. Have the heating, ventilating, and air conditioning units been serviced? What about the plumbing and electrical systems? Always check the structural integrity of the building.

    7) ALWAYS use a professional team of an attorney, an accountant or CPA, and a professional real estate and business broker, all having specialized experience in your area of investment.


    About the author: Jack L. Kimball, CCIM is the owner of Kimball & Co. Restaurant Services, a Raleigh, North Carolina-based commercial real estate and business brokerage firm. He can be reached at 1 -800-634-7221 or through his website at www.restaurantbizops.com.


    Restaurant Build-out Allowances:

    Lease Negotiation and Restaurant Real Estate

    As a commercial real estate and business broker specializing exclusively in restaurant businesses for sale and restaurant real estate for sale or lease, many times I am asked by both tenants and landlords to negotiate a lease in each respective party's interest in the process of finding a restaurant site location. One issue which consistently arises is build-out allowances. The landlord typically desires to contribute as little as possible, while the tenant desires as much as possible. In my opinion, there is a way for each to win, should a developer budget a much higher allowance than competitive developers.

    In the following example, I am making an assumption that a 5,000-square-foot restaurant tenant is looking at space in a new shopping center. The prospective tenant is of marginal to moderate strength and has one successful existing location. The tenant does not have the borrowing power or track record to go to the bank. The total "turn-key" for the restaurant is $400,000, of which $200,000 is permanent improvements, including plumbing, electric, HVAC, hood system, walk-ins, etc. The other $200,000 is removable equipment and start-up expenses, including soft costs. The standard tenant upfitting allowance is $10 per square foot or $50,000. The base rent is $10 per square foot. The cash available to the tenant, including the value of leased equipment, is $250,000. The tenant needs $150,000 in build-out allowance.

    Should the landlord approve a build-out allowance for $30 per square foot for restaurant tenants, this could work to everyone's advantage.

    By offering $30 p.s.f. the landlord first of all provides an advantage over competitive locations, and therefore should be able to obtain greater rent. Should the extra $20 p.s.f. in upfitting be amortized over a 10-year term at 11 percent annual interest, the effective cost to the tenant would be $100,000 at 11 percent or $16,530 per year in payments This effectively adds $3.31 p.s.f. to base rent. The landlord could conceivably obtain $14 per square foot in base rent because of the competitive advantage, and because of the additional upfitting contribution. By arranging permanent financing in advance, the cash flow position to the landlord is also improved, because the amortization period is greater than 10 years on the permanent loan. The tenant has a real win by being able to open a second location much sooner than the tenant's borrowing ability would dictate. A $14 p.s.f. lease capitalized at 10 percent creates a value to the landlord of $700,000; ($14 times 5,000 square feet or $70,000 in base rent per year divided by .10). Had the landlord only provided the standard $10 p.s.f. upfitting and received a rent of $10 p.s.f., the effective value created would be only $500,000 ($10 times 5,000 square feet or $50,000 in base rent per year divided by .10). The result is that the landlord has created as much as $200,000 in additional value of the shopping center for an investment of $100,000 in additional upfitting money. Not a bad return for the landlord!

    The downside risk for the landlord is, of course, in the event of the tenant going out of business. In my opinion, should the tenant default on the lease, the landlord is not in a very high-risk situation. First of all, the shopping center may have already been sold at a higher price because of the resulting cap rate. Should the landlord still own the center, the likelihood of finding a new tenant is great, because of all the restaurant permanent improvements that are in place, including the tenant work. Restaurant prospects traditionally look at "conversion" opportunities extremely positively. In fact, the reality is, should the tenant's sales and profits be a disappointment, the tenant will probably sell his business assets at a distressed price and assign the lease. Even if the tenant defaults, stops paying rent, and vacates the space, the landlord can take steps in advance to have a UCC filing in a second lien position on public record to prevent the removal of any equipment. The first lien holder (for example, the leasing company) would have an advantage in leaving the equipment in place until a new tenant is found, who will pay off or assume the equipment lease. The landlord can still lease the vacant space if need be at $12 p.s.f. and break even on the investment. In summary, the tenant wins by being able to open a new location more quickly than the banks would normally allow. The tenant also wins by keeping a more attractive debt-to-equity ratio. The tenant can certainly understand paying a higher lease rate because of the extra upfitting allowance, and should be willing to offer the landlord a lien position on the improvements and equipment. The landlord wins by creating higher value in the selling price of the shopping center, by being able to offer a real competitive advantage over other locations, and by more quickly leasing space. The rewards are great for both tenant and landlord.


    About the author: Jack L. Kimball, CCIM is the owner of Kimball & Co. Restaurant Services, a Raleigh, North Carolina-based commercial real estate and business brokerage firm. He can be reached at 1 -800-634-7221 or through his website at www.restaurantbizops.com.

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