Landmark Merrimack County Restaurant

Undisclosed Address, Concord, NH 03301
Business Opportunity for Sale
Catylist Listing ID: 30446664
Property Subtypes: Food and Beverage
Building Size (RSF): 9,097 SF
Sale Price: $399,000
Year Business Established: 1991
Gross Revenue: $2,700,000 (Annual)
Cash Flow: $335,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: $399,000 Cash at Closing $75,000 Equipment Lease to Own
Last Updated: 8/9/2019

Overview / Comments

Very profitable turnkey business, 2018 revenue $2,700,000. Unique opportunity for ambitious owner/operator to generate very strong long term cash flow security. Owners will sell Business, Assets, Land And Building for $2,199,900 . Fully equipped spacious high volume restaurant on numbered highway. Well established 375+ seats with Liquor and Entertainment License. Multiple Revenue Streams to include; Catering, Function rooms, Outdoor Patio dining, and Retail Store.
Facility approximately 9000SF, monthly lease of $13.33/SF NNN.
Business Assets and Goodwill $399,000 Cash
FF&E Lease to Own $75,000
Real Estate available for $1,600,000.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $1,600,000
Real Estate Lease Description: 9000+SF, one story restaurant facility located on 1.89 acres.
Employee/Labor Description: Business calls for approximately 40 full / part time employees.
Mgmt/Training Support Description: Owner willing to offer a 30 day training
Competition/Market Description: Unique New England style restaurant and bar with comfortable outdoor dining.
Growth/Expansion Opportunities: Opportunities to increase top line revenue and profits through retail shop and catering
Seller Financing Description: Owners would consider some seller financing to experienced and qualified buyers.

Contact

Photograph of Listing Agent

Jay DelMonte

RE/MAX Innovative Properties
NECPE Member
Photograph of Listing Agent

Kathy MacKinnon

RE/MAX Commercial Innovative Properties
NECPE Member
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