Profitable Tavern & Entertainment Venue for Sale - Price Reductio...

Undisclosed Address, Portsmouth, NH 03801
Business Opportunity for Sale
Catylist Listing ID: 30447523
Property Subtypes: Food and Beverage
Building Size (RSF): 4,000 SF
Sale Price: $375,000 - 349,000
Gross Revenue: $1,044,810 (Annual)
Cash Flow: $122,196 (Annual)
Cash Flow Type: EBITDA
Last Updated: 9/12/2019

Overview / Comments

Great opportunity to own a profitable restaurant and bar on the Seacoast of New Hampshire! This American restaurant has a large space for private functions and live entertainment. It is one of the most popular taverns and music venues in a very stylish and thriving community. With a seating capacity of 230 customers, a festive atmosphere and excellent food, it is a favorite of locals and visitors. It is a turnkey business with tenured management who run the business allowing for a semi-absentee owner.

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Additional Details

Industry Segment: Bars and Taverns
Reason for Selling: Moving on to new ventures
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $200,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Long-term lease in place
Mgmt/Training Support Description: Seller is willing to assist in support and training.
Competition/Market Description: There are no full-service restaurants with similar dedicated live entertainment space in the area.
Growth/Expansion Opportunities: There are numerous ways to increase the business of this already popular restaurant such as increase hours of operation and marketing spend.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,692 27,268 41,786
Median Age: 41.78 42.04 42.78
Households: 5,379 12,918 18,988
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