Profitable Landmark Waterfront Restaurant in Downtown Portsmouth, NH ...

Undisclosed Address, Portsmouth, NH 03801
Business Opportunity for Sale
Catylist Listing ID: 30644280
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $1,525,000
Gross Revenue: $1,585,000 (Annual)
Cash Flow: $218,238 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Sale price includes business and real estate.
Last Updated: 4/30/2021

Overview / Comments

Terrific opportunity to acquire a beautiful waterfront restaurant with hard-to-find real estate on the Southern New Hampshire Coast.  This near 220 seat restaurant includes a large waterfront dining area.  The restaurant has a great reputation and a strong following amongst locals and tourist alike.  It's in one of the "hottest" restaurant towns in New England.  There is experienced staff in place making this a turnkey operation for an owner who wants to continue the success or take it to a new level.

NDA is required before sharing exact location and financials.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $624,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: The business is located in the dynamic and very popular town of Portsmouth, NH.  It has a beautiful interior space along with seating on the water.  The total seat count of almost 220 customers. There is parking on site for patrons.
Employee/Labor Description: Experienced staff
Mgmt/Training Support Description: Seller is willing to assist in support and training.
Competition/Market Description: There are a number of competitors in the market, but few with such a unique interior along with seating directly on the water. The landmark property and the restaurant’s atmosphere and food quality set it apart from the rest. 
Growth/Expansion Opportunities: Increasing marketing efforts could provide growth to all areas of the business including private parties, events and weddings.

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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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