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.
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.