Description
Terrific opportunity to own and operate a profitable neighborhood Restaurant and Bar with valuable Real Estate in Downtown Portsmouth, NH. This family-friendly restaurant is casual and an enjoyable place to eat and/or have drinks. It is a popular restaurant in a thriving community with plenty of walk and drive by traffic. With a seating capacity of over 100 customers, a festive atmosphere and delicious food, it is a favorite of locals and visitors alike.
Detailed Information:
Business Price: $450,000
Revenues: $1,300,000
Furniture, Fixtures, & Equipment (FF&E): 85,000 Est.
Sellers Discretionary Income: $269,000
(Pre-Covid) Sellers Discretionary Income: $403,000
Real Estate: $1,390,000
Facilities: The business is located in the middle of all the action, in downtown Portsmouth. It has high visibility with large windows facing the street. It’s surrounded by a large community of private residences, hotels, inns, businesses and much more. The space is approximately 3,000 square feet and has over 100 seats.
Competition: The town itself has many restaurants and bars which in turn makes Portsmouth such a wonderful place to live and visit. It has become a tourist destination year round.
Growth & Expansion: There are numerous ways to increase the business of this already popular restaurant and are outlined in the confidential package.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Divestiture
Real Estate offered through our Broker, Bean Group, 1-800-450-7784.