Profitable Landmark Waterfront Restaurant with Real Estate in Downtown Portsmouth, NH for Sale!

Description

Terrific opportunity to acquire a beautiful waterfront restaurant with hard-to-find real estate on the Southern New Hampshire Coast.  This near 220 seat restaurant includes a large waterfront dining area.  The restaurant has a great reputation and a strong following amongst locals and tourist alike.  It’s in one of the “hottest” restaurant towns in New England.  There is experienced staff in place making this a turnkey operation for an owner who wants to continue the success or take it to a new level.

Detailed Information:

Restaurant and the Real Estate are being sold for: $1,525,000

Restaurant Revenues: $1,585,000

Furniture, Fixtures & Equipment (FF&E): $624,000

Sellers Discretionary Income: $218,238

Facilities: The business is located in the dynamic and very popular town of Portsmouth, NH.  It has a beautiful interior space along with seating on the water.  The total seat count of almost 220 customers. There is parking on site for patrons.

Competition: There are a number of competitors in the market, but few with such a unique interior along with seating directly on the water. The landmark property and the restaurant’s atmosphere and food quality set it apart from the rest. 

Growth & Expansion: Increasing marketing efforts could provide growth to all areas of the business including private parties, events and weddings.

Support & Training: Seller is willing to assist in support and training.

Reason for Selling: Retirement

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.


Location