Restaurant for Sale

Business Opportunity for Sale
Catylist Listing ID: 30179453
Property Subtypes: Food and Beverage
Building Size (RSF): 2,821 SF
Sale Price: $249,900
Name of Establishment: Topic of the Town
Business Website Address: www.TheTopicOfTHeTOwn.com
Year Business Established: 1977
Gross Revenue: $625,000 (Annual)
Cash Flow: $125,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash at closing
Last Updated: 11/16/2017

Overview / Comments

FAMILY RUN RESTAURANT FOR OVER 40 YEARS, by the same family. Now, it is time to pass the torch of this long time, successful and popular family restaurant on to the next family. This is a turnkey operation with 2 dining rooms, counter service with a total of 122 seats. The restaurant serves Breakfast, Lunch and Dinner. The purchase price includes all furnishings, fixtures and equipment, menus and recipes. Inventory will be sold separately at cost. Littleton is a thriving community and the shopping, entertainment and dining hub for the entire North Country and neighboring towns in Vermont. Littleton attracts thousands of visitors every day.

The business community includes brand names, such as, Home Depot, Lowes, Wall Mart, Staples and many more. The proposed Riverwalk Project, a multi-million dollar revitalization of the vast river frontage on the Ammonoosuc River, will add a new dimension to the community and attract many new visitors to the area. Try a Google Search for good reviews.

"Great family place to eat. Staff is awesome and so is the food.. Great prices too.. Come here all the time with my family".. H St Laurent (Google Review)

Additional Details

Nearest MSA: Concord
County: Grafton
Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $75,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Long Term lease available
Mgmt/Training Support Description: Owner will offer an orientation to the business, vendors, etc
Competition/Market Description: Topic of the Town is a very popular restaurant with 40 years in the same location. There is little competition in the market served when comparing the offerings of various other venues.
Growth/Expansion Opportunities: The town of Littleton is working on a proposed Riverwalk to revitalize over a mile of river frontage. Shilllings Brewery is investing a reported $3 million on an expansion of their brewery along Riverwalk. It is believed that will add to the appeal of the area and bring in more visitors to the area. The restaurant interior could benefit from an update of the d├ęcor that may help attract a broader demographic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,191 3,705 6,880
Median Age: 48.58 42.24 43.65
Households: 620 1,737 3,058
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