Boloco for sale?

[ron_newman]

Every so often, I do a Google Blog Search for "Davis Square". When I did so today, I found:

Quick casual café concept in Somerville MA

8 Jan 2008 Located in popular Davis Square, this is a high profile location with excellent visibility and parking and in close proximity to Harvard Square, Inman Square and Porter Square. The site is within... BizQuest.com: Massachusetts Businesses for Sale - http://massachusetts.bizquest.com/page1.html

The listing page itself carries no date, but I'm going to believe Google's "8 Jan 2008", especially since the listing currently appears on page 1 of massachusetts.bizquest.com, making it a very recent listing. It says they are selling the business for $250,000, after having sunk over $600,000 into renovations.

This sure looks like Boloco to me. Anyone know more?

Comments

but....

[mattdm.livejournal.com]

Boloco doesn't make sense to me for this since it's a chain. Unless the whole thing were going under, wouldn't they just basically move out, rather then trying to sell out one location?

Also, "The total investment for the renovation of the space was in excess of $600,000." doesn't seem to fit. They made quite a bit of change from how it was as O'Natural's, but didn't seem like over half a mil to me.

But a lot of the other stuff does seem to line up. :(

Re: but....

[pearlythebunny.livejournal.com]

It sounds to me like they need to find someone to take over the lease.

There's a Boloco on Boston Ave., near Tufts, but that place always seems pretty busy. I think the Elm St. location is just a bad spot.

Did Boloco have free wifi? That might have helped increase traffic.

Re: but....

[ron_newman]

Yes, Boloco on Elm has and advertises free wi-fi.

Re: but....

[mattdm.livejournal.com]

> Did Boloco have free wifi? That might have helped increase traffic.

Yes. Certainly increased the traffic of me.

Well, if this is Boloco going out, hope Good Food Cafe (http://jimsgoodfood.com/) makes it. In fact, everyone reading this should go eat there right now. Thanks.

Re: but....

[closetalker11.livejournal.com]

Ah, I've been meaning to go by there. If it's not still pouring, I may swing by for lunch.

Re: but....

[icecreamempress.livejournal.com]

It's a teeny-tiny local chain, and it's a privately-owned company, so selling the location would be the right move.