Description
Great opportunity to own and operate a highly profitable unique restaurant and bar on the Seacoast of New Hampshire! This family-friendly restaurant is casual and eclectic. It is one of the most popular and trendy restaurants in a very stylish and thriving community. With a seating capacity of close to 240 customers, a festive atmosphere and excellent food, it is a favorite of locals and visitors. It is a turnkey business with tenured management in place.
Detailed Information:
Business Price: $1,385,000
Revenues: $ 3,954,199
Furniture, Fixtures, & Equipment (FF&E): $500,000 estimate
Sellers Discretionary Income: $500,515
Real Estate: Long-term lease in place
Facilities: The business is located nearby major highways, within walking distance to many customers and has ample parking. The entire space is approximately 5,400 square feet.
Competition: There are no restaurants with similar menus in the area. The town itself has plenty of restaurants but this is the only one with a truly unique concept and reasonable prices.
Growth & Expansion: There are numerous ways to increase the business of this already extremely popular restaurant. Extending service hours, including opening the entire restaurant for brunch and late night will increase sales. Secondly, expanding the take-out, delivery business and retail business, which includes prepared food. Increasing marketing dollars could also pay dividends since very little is spent relative to top line sales.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Moving on to new ventures
Location will be disclosed only with fully completed NDA – the map below is inaccurate.