Prime Downtown Portsmouth NH Restaurant with Real Estate – a Rare Opportunity!

Description

Terrific opportunity to own and operate a profitable neighborhood Restaurant and Bar with valuable Real Estate in Downtown Portsmouth, NH. This family-friendly restaurant is casual and an enjoyable place to eat and/or have drinks. It is a popular restaurant in a thriving community with plenty of walk and drive by traffic.  With a seating capacity of over 100 customers, a festive atmosphere and delicious food, it is a favorite of locals and visitors alike.

Detailed Information:

Business Price: $450,000

Revenues: $1,300,000

Furniture, Fixtures, & Equipment (FF&E): 85,000 Est.

2021 Sellers Discretionary Income: $269,000

2019 (Pre-Covid) Sellers Discretionary Income: $403,000

Real Estate: $1,390.000

Facilities: The business is located in the middle of all the action, in downtown Portsmouth.  It has high visibility with large windows facing the street.  It’s surrounded by a large community of private residences, hotels, inns, businesses and much more.  The space is approximately 3,000 square feet and has over 100 seats.

Competition: The town itself has many restaurants and bars which in turn makes Portsmouth such a wonderful place to live and visit.  It has become a tourist destination year round.

Growth & Expansion: There are numerous ways to increase the business of this already popular restaurant and are outlined in the confidential package.

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

Reason for Selling: Divestiture

Location and name of business will not be disclosed without an NDA.  Please click here to download NDA/Confidentiality Agreement (once completed, email to info@firststreetbb.com).

Real Estate offered through our Broker, Bean Group, 1-800-450-7784.


Location