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Business For Sale Ma

A accoutrement of the bounded music arena is reportedly up for sale.

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Buy a Granite Shop Fabrication + Showroom Business For Sale .. business for sale ma

According to Cambridge Day, the Middle East Restaurant and Bistro is currently gluttonous buyers, with an allurement amount of $40 actor for the sprawling circuitous amid on the bend of Massachusetts Avenue and Brookline Street that includes the Middle East admiral and bench venues Zuzu, Sonia, and The Corner.

Originally a Lebanese restaurant purchased by the Sater ancestors in the 1970s, the Central Square area began consistently booking bounded and civic music acts in the backward ’80s, frequently bringing in advancing bands and artists.

On Thursday, Ned Wellbery, the venue’s centralized aptitude buyer, appear on Facebook that he was abrogation his job able immediately.

Buy a Granite Shop Fabrication + Showroom Business For Sale ..
Buy a Granite Shop Fabrication + Showroom Business For Sale .. business for sale ma

On Thursday evening, the Saters advised in on rumors of a auction on the Middle East’s Facebook page, adage they are “looking to advance the property,” but that the restaurants and nightclubs would break accessible during the action and that the Middle East business would abide a allotment of any approaching development.

“To our admired community, the Sater ancestors would like to acquaint you that they’re attractive to advance the property; the Middle East restaurant and bistro will abide active and accessible as usual,” the club posted. “We will accumulate you adapted as we go through this process. The Middle East business is actuality to break and will be a allotment of any development at 472-480 Mass Ave. Thank you for your years of abutment and we attending advanced to a able approaching together.”

In 2014, the Saters bought the architecture that houses the Middle East circuitous for $7.1 million, and reportedly aloft the hire on acclaimed bedrock club T.T. the Bear’s Place, which bankrupt in 2015. After that, the Saters revamped the amplitude and reopened it as bistro Sonia in 2017.

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Buy a Granite Shop Fabrication + Showroom Business For Sale .. business for sale ma

Owner Nabil Sater told Cambridge Day the complex’s aerial mortgage payments were “draining” and that 100-hour assignment weeks were “tough.”

The bistro has been mired in altercation in contempo years. In 2018, Joseph Sater stepped bottomward as the club’s administrator afterward animal delinquency allegations that Sater said are false. The allegations, which the Middle East alleged “unsubstantiated third-party claims” in a Facebook post, led to an breezy avoid by some artists, patrons, and accident organizers.

Calls to the Middle East were not returned, and a adumbrative for Hunneman Real Estate, the aggregation reportedly administration the sale, beneath to comment.

Buy a Granite Shop Fabrication + Showroom Business For Sale ..
Buy a Granite Shop Fabrication + Showroom Business For Sale .. business for sale ma

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