Highly Successful Restaurant Opportunity
Business Opportunity
for Sale
| Catylist Listing ID: |
30867008 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
4,569 SF
|
| Sale Price: |
$995,000 |
| Name of Establishment: |
Shiloh's Restaurant |
| Business Website Address: |
www.shilohsrestaurant.net |
| Year Business Established: |
2008 |
| Gross Revenue: |
$883,793 (Annual) |
| Cash Flow: |
$0 (Annual) |
| Cash Flow Type: |
Sellers Discretionary Earnings |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
4/12/2024 |
Overview / Comments
|
Shiloh's Restaurant has been a mainstay in the Woodsville/Haverhill, NH area for over 15 years. This is a successfully run business, offering breakfast, lunch and dinner with classic American fare. The owners pride themselves in providing fresh, homemade breads, soups, salads, etc. and have many repeat, local diners as well as tourist enjoying the creative offerings daily. Inside you'll find two dining areas with tables and booths with tasteful electric fireplaces in each to provide the right ambiance on cold, damp day. The restaurant is allowed a seating capacity of 110 . The kitchen is extensive and exceptionally well maintained and clean. The lower level is currently used for storage and office space but could easily accommodate an expansion to allow for small functions. Access to the level is through the kitchen but there is a separate exterior door to allow for customer access from the parking lot. The owners have had a fairly extensive catering arm of the restaurant but have scaled back on that since Covid but they continue to receive requests so it could easily be brought back up to speed. Did we talk about location? The property is located AT a busy, well-traveled, lighted intersection, close to a Super Walmart. This business is very successful, well run and primed for the next person to easily step in to taking it to the next level.
|
Additional Details
| Nearest MSA: |
Concord |
| County: |
Grafton |
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Lifestyle change |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$75,000 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$475,000 |
| Employee/Labor Description: |
In addition to the two owners, there is a full time Cook, Line Cook, Part Time Line Cook, 3 Part Time Dishwashers, 4 Full Time and 1 Part Time Server(s) |
| Mgmt/Training Support Description: |
Sellers agree to provide transitional services post closing. |
| Competition/Market Description: |
Shiloh's is located at a busy intersection and attracts both locals and tourists. The restaurant offers a full menu for breakfast, lunch and dinner which is something few, if any, establishments of that size in the area offer. |
| Growth/Expansion Opportunities: |
Shiloh's offered a substantial catering business but, due to Covid, cut back on its services. While the owners continue to do some catering, they have not brought it back to the level it once was. They continue to receive inquiries regarding catering events so this would be an easy area to expand upon since they already have the reputation. The lower level of the restaurant is currently used for storage but could easily be renovated to accommodate small functions/meetings. |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
3,711 |
4,167 |
| Median Age: |
45.19 |
44.91 |
| Households: |
1,586 |
1,785 |
|
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