Catylist ID:
#30835872
High Quality Restaurant Fit-Up in Desirable Downtown Hillsborough Co....
Undisclosed Address, New Hampshire
Business Opportunity
for Sale
| Catylist Listing ID: | 30835872 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | See Agent |
| Sale Price: | $425,000 |
| Gross Revenue: | $0 (Annual) |
| Cash Flow: | $0 (Annual) |
| Sale Terms: | Cash At Closing Owner would consider some seller financing to qualified & Experienced Buyers |
| Last Updated: | 3/24/2023 |
Overview / Comments
|
LOCATION, LOCATION, LOCATION Rare Opportunity to purchase a fully equipped and furnished downtown restaurant fit-up on a busy main rd. This desirable location includes a tastefully designed and comfortable dining room & Outdoor seating with total occupancy of 135. Home to several wildly successful businesses for decades, this facility has an inviting lounge area & regionally recognized as a popular "gathering spot" for locals. With Historic sales of approx. $2.0M Yr. this fully equipped kitchen is Set-up for high volume efficiency. Highest and Best use for current FF&E Package would be American, Comfort, Tavern and/or Italian fare. At 4,500 Sq. Ft. this Fit-Up is offered at a fraction of the cost of building out a vanilla box, even if you have to mix & match some equipment for conceptual changes Situated on a high traffic corner in the middle of a very busy business district, this restaurant generates strong drive by business as well as a destination dining. Current Lease is very desirable and below industry occupancy costs. Transaction contingent on Landlord approval. Furniture, Fixtures & Equipment, Lease assumption & Location Opportunity Offered @ $425,000 Don't Wait if Looking to Capitalize on 2023 Spring/Summer Seasonal Cash Flow! |
Additional Details
| Industry Segment: | Restaurants |
| Reason for Selling: | Owner looking to Streamline Businesses with Goal of Retiring |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $0 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | Desirable Lease Terms For Downtown Main St. Facility $16.00 Sq Ft. $6,000 Mo. Total With Historic Below Industry Occupancy Costs of 5% |
| Employee/Labor Description: | 20 Full/Part Time Employees |
| Competition/Market Description: | Unique Concept & Outstanding Location, Location , Location ! |
| Growth/Expansion Opportunities: | Capitalizing off New Downtown Revitalization Projects, Catering, Grass Route Marketing |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,950 | 25,218 | 46,270 |
| Median Age: | 42.09 | 40.47 | 40.58 |
| Households: | 664 | 10,148 | 18,771 |
Contact
Jay DelMonteRE/MAX Innovative PropertiesNECPE Member |
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