Will a Taco Bell Cantina replace iYO Cafe in Davis Square?

[ron_newman]

The former iYO Cafe/Bistro at 234 Elm Street has a big new RESTAURANT AVAILABLE sign in the window. The QR code on the sign leads to a blank page, but I found the restaurant listed for sale on this page

SOMERVILLE, MA 
Café / Restaurant Location 
Common Victualler License 
Busy High Traffic Location. Sales History of $14,400.00 per week. 
Approximately 2,510 SF. Rent $50 - $55 PSF. 60 Seats. 
Beautiful Buildout with Exposed Brick Walls. Great Opportunity.

with more detail available here if you login to the nerest.com website. I'll include that detail below the lj-cut.

At an informal meeting with a few local residents Wednesday evening, Ward 6 Alderman Lance Davis said that Taco Bell has expressed interest in this location for their new Taco Bell Cantina restaurant format, which includes alcoholic beverages. Only a few of these exist so far, in Chicago, Austin, San Francisco, and Las Vegas.

RESTAURANT FOR SALE – GORGEOUS DAVIS SQUARE CAFE

Location : Somerville, MA

Type of Business : Café / Restaurant Location

Sales : History of $14,400.00 Per Week

License : Common Victualler License

Square Footage : 2,510 Square Feet 

Established : 2 Years

Lease Terms : New 10 Year Lease Available

Rent : $50 - $55 Per Square Foot

Parking : Street Parking

Reason For Sale : New Business Opportunities

Comments : High Traffic Location
Gorgeous Buildout with Exposed Brick Wall
All New Equipment
Income Producing Private Room for Functions and Parties
Landlord Prefers Operator that Owns Multiple Stores
Great Opportunity 

Asking Price : $50,000