Description
Profitable and popular restaurant is for sale on the New Hampshire Seacoast. This 100 seat restaurant is located in an historic building with tremendous character and the flexibility to host multiple private parties. The restaurant’s wonderful reputation and culinary experience attract locals and tourists alike. There is an experienced staff in place making this a turn-key operation for the next successful owner.
Detailed Information:
Business Price: $315,000
Real Estate Price: $735,000
Restaurant Revenues: $1,057,000
Furniture, Fixtures & Equipment (FF&E): $102,000 (Estimate)
Sellers Discretionary Income: $176,000
Facilities: The business is located in a beautiful historic downtown with nearly 4000 square feet of usable space. There is a bar area and several rooms, all open with the flexibility to accommodate private parties. The total seat count is approximately 100. Real estate is priced at $735,000.
Competition: There are a number of competitors in the market but few that reside in such a beautiful and iconic interior. The unique property and the restaurant’s atmosphere and food quality set it apart from the rest.
Growth & Expansion: Increasing marketing efforts could provide growth in all areas of the business including private parties, meetings and events. Hours could also be expanded and catering promoted.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Divestiture
To receive additional information on this opportunity, please complete the attached Non-Disclosure Agreement and return to info@FirstStreetBB.com. Location noted on map below is not correct due to confidentiality.
Real Estate offered through our Broker, Bean Group, 1-800-450-7784.