Description
Great opportunity to own a restaurant and bar on the Seacoast of New Hampshire! This American Restaurant has a large space for private functions and/or live entertainment. It is one of the most popular taverns and music venues in a very stylish and thriving community. With a seating capacity of 230 customers inside and 75 outside, a festive atmosphere and excellent food, it is a favorite of locals and tourists alike. It is a turnkey business with tenured management who run the business allowing for a semi-absentee owner or bring your own restaurant concept to this downtown location.
Detailed Information:
Business Price: $125,000
2019 Revenues: $963,000
Furniture, Fixtures, & Equipment (FF&E): $200,000 approx.
2018 Sellers Discretionary Income: $0
Real Estate: Long-term lease in place
Facilities: The business is located in a downtown district with significant growth. It is easily accessible to major highways and within walking distance to many customers. There is ample parking in downtown garages, lots and on the street. The entire space is approximately 4000 square feet and there is a seasonal outside dining patio with 75 seats.
Competition: There are very few full-service restaurants with a similar, dedicated live entertainment space in the area.
Growth & Expansion: There are numerous ways to increase the business such as increase hours of operation and marketing spend. A full-time onsite owner would be a huge benefit by reducing payroll and keeping an eye on the overall operations.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Moving on to new venture
Location shown on Map below is not correct. Please complete the attached NDA and email to info@FirstStreetBB.com to receive the confidential package.