Profitable Tavern with Entertainment/Private Function Space in Southern NH! Price Reduction!

Description

Great opportunity to own a profitable restaurant and bar on the Seacoast of New Hampshire! This American Restaurant has a large space for private functions and 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, 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.

Detailed Information:

Business Price: $349,000

2018 Revenues: $1,044,810

Furniture, Fixtures, & Equipment (FF&E): $200,000 approx.

Sellers Discretionary Income: $122,196

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.

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 of this already popular restaurant such as increase hours of operation and marketing spend.

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.


Location