Turn Key Pizzeria & Real Estate

Retail-Commercial for Sale
Catylist Listing ID: 30567326
Property Subtypes: Restaurant
Building Size (RSF): 1,110 SF
Sale Price: $575,000
Unit Price: $518.02 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/4/2020

Overview / Comments

Owner Financing Possible, 60% YoY Revenue Increase!

Faulkner Commercial Group is pleased to present for sale the business assets of Pizzeria 339, along with the commercial condominium at 339 Ocean Blvd, Unit 101 in Hampton Beach. Gross sales of this profitable 24 seat seasonal restaurant are over $150000, with double-digit growth year over year and an impressive NOI. Pizzeria 339 enjoys glowing reviews for quality food and attentive service. The property is located between the Hampton Beach & Boar's Head, directly on Ocean Blvd. This mixed-use development was built in 2014 and this business was opened the following summer.

The business asset sale will consist of all furniture, fixtures & equipment, (FF&E), and intellectual property such as trademarks, transferrable licenses & permits, trade names, recipes, etc. Inventory and owner training is negotiable. The FF&E includes, among other things, 2 Blodgett 9060 pizza ovens and an Ansul hood system. Financial information, i.e. Profit & Loss reports, will be made available after the execution of a Non-Disclosure Agreement.

All information was obtained from the owners and public records, any buyer contemplating this acquisition of these real estate & business assets should conduct due diligence as to details and suitability for their contemplated use.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Rockingham County
Tax ID/APN: 275/67/101
Zoning: BS
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Ocean Blvd
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 5
Property Condition: Excellent
Year Built: 2014
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CONDO NL MDL-05

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,458 18,729 34,394
Median Age: 41.22 46.36 46.17
Households: 1,040 8,234 14,728
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