Prime Downtown Portsmouth NH Restaurant with Real Estate - a Rare Opp...
Undisclosed Address, Portsmouth, NH 03801
Business Opportunity
for Sale
| Catylist Listing ID: |
30819053 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
3,000 SF
|
| Sale Price: |
$450,000 |
| Gross Revenue: |
$1,300,000 (Annual) |
| Cash Flow: |
$269,000 (Annual) |
| Cash Flow Type: |
Sellers Discretionary Earnings |
| Sale Terms: |
Business includes FF&E, goodwill, DBA etc. and excludes cash, receivables & payables. |
| Last Updated: |
3/18/2023 |
Overview / Comments
Terrific opportunity to own and operate a profitable neighborhood Restaurant and Bar with valuable Real Estate in Downtown Portsmouth, NH. This family-friendly restaurant is casual and an enjoyable place to eat and/or have drinks. It is a popular restaurant in a thriving community with plenty of walk and drive by traffic. With a seating capacity of over 100 customers, a festive atmosphere and delicious food, it is a favorite of locals and visitors alike. Asking price for business is $450,000 and the real estate is $1,390,000.
NDA is required before name, address and financials are provided.
|
Additional Details
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Divestiture |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$0 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$1,390,000 |
| Real Estate Lease Description: |
The business is located in the middle of all the action, in downtown Portsmouth. It has high visibility with large windows facing the street. It's surrounded by a large community of private residences, hotels, inns, businesses and much more. The space is approximately 3,000 square feet and has over 100 seats. |
| Employee/Labor Description: |
Experienced staff in place |
| Mgmt/Training Support Description: |
Seller is willing to assist in support and training. |
| Competition/Market Description: |
Restaurant is in the heart of downtown Portsmouth nearby many other restaurants, bars and cafes. |
| Growth/Expansion Opportunities: |
There are numerous ways to increase the business of this already popular restaurant and are outlined in the confidential package. |
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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