Description
Great opportunity to own a restaurant on the New England Seacoast at an amazing price! This is a turnkey business, set up to run without owner oversight. The large and spacious building has been well maintained and completely refurbished within the year. There is a large bar throughout the center of the space and a protected deck in the back of the restaurant for outdoor seating. The restaurant maintains an All Alcoholic Beverages License.
Owner has a growing chain of restaurants in other areas of the country and must unload to focus on other opportunities. For only $75,000 you get it all!
Detailed Information:
Business Price: $75,000
Revenues: $920,023.86
Furniture, Fixtures, & Equipment (FF&E): $35,000
Sellers Discretionary Income: N/A
Real Estate: Lease
Facility: The restaurant consists of 3,450 SF, of that 2,800 SF is inside and 650 SF is outside decks space. Seating Capacity is 120 total inside and on the deck. There are about 40 private off street parking spaces and the base rent is $5,500 per month.
Competition: The restaurant is well known and draws customers from many of the surrounding towns. It is in a high profile location with excellent street exposure. The area is known as a tourist destination while having a strong local clientele. There are several other restaurants nearby but this one is located on a main thoroughfare with great access.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Divestiture
Location shown on Map below is not correct. Location and other related information will be shared once a Confidentiality Agreement is completed. Click here to download NDA.