Description
Great opportunity to acquire a restaurant space in Portsmouth, NH that is ideal for a variety of restaurant concepts. The space is nearly 2000 SF with up to 50 interior seats and a permit for 30 additional seats outside on the patio. The furniture, fixtures and equipment are in excellent condition, much of it newly purchased within the past 5 years. Restaurant spaces with this nice of a kitchen don’t come up very often in this seaside, foodie town. It even has off-site parking, not typical in Portsmouth.
Detailed Information:
Asking Price: $125,000
Furniture, Fixtures & Equipment (FF&E): $80,000 estimate
Lease: Landlord willing to provide long-term lease to qualified buyer.
Facilities: The restaurant space has significant improvements made in the past several years and the kitchen is in excellent condition. It’s approximately 2000 square feet with 50 interior seats and a permit for outside seating for 30 guests.
Competition & Growth: There are lots of restaurants in Portsmouth and restaurant space is hard to come by, especially one that is in this condition. The town has a population that is very supportive of local restaurants, and it is a large tourist destination year-round. Bring your ideas and creativity to this turnkey space.
Support & Training: Staffing is in place and owner expects them to stay for the transition.
Reason for Selling: Divestiture
To receive additional information on this opportunity, please complete the attached NDA and email to info@FirstStreetBB.com.