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: 11/19/2019

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.


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
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.