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

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

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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


Photograph of Listing Agent

Jay DelMonte

RE/MAX Innovative Properties
NECPE Member
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