1617 Concord StFramingham, MA 01701

Property Details for 1617 Concord St

Year built

1942

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

1,200 SF

Zone code

B-1

Property type

Turn key restaurants

APN

FRAM M:050 B:33 L:4331 U:000

APU

FRAMM050B33L4331U000

Description

This exceptional business opportunity presents the chance to acquire a well-established and highly profitable Brazilian family bakery located in a prime business intersection of North Framingham, a rapidly growing area within Boston's MetroWest region. Operating successfully since January 2022, this bakery boasts a substantial and loyal customer base, built upon consistent high-quality products and excellent service. Currently employing eight staff members (five front-of-house and three in the back), the bakery operates with extended hours, from 5:30 AM to 9:00 PM, offering significant potential for further expansion. The sale includes all equipment, which is entirely paid off, eliminating any outstanding debt. A significant portion of revenue is generated through a thriving delivery service, further highlighting the business's strong operational foundation and growth potential. The current lease is long-term and features a low monthly rent, ensuring financial stability and minimizing overhead costs. This turnkey operation offers immediate income generation and substantial room for expansion, making it an unparalleled investment opportunity in the thriving Framingham market. A confidentiality agreement is required before any further information is disclosed. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $291,642

  6.5%

  $269,208

  7%

  $249,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,116

  Geo Method

  $395,116

• Alternative Use

  Use

  Valuation

  Residential

  $227,087

  Hospitality

  $208,010

  Educational

  $173,062

  Medical

  $179,014

  Retail

  $269,208

Location Insight

City

Framingham

County

Middlesex

State

Massachusetts

Latitude

42.3246

Longitude

-71.3992

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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