Stonecutter's Pub Milford NH

Business Opportunity for Sale
Catylist Listing ID: 30832582
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $295,000
Year Business Established: 2020
Gross Revenue: $800,000 (Annual)
Cash Flow: $135,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Cash to Seller @ Close
Last Updated: 2/22/2024

Overview / Comments

Profitable Bar & Fully Equipped Restaurant Fit-up in a well located scenic downtown area. Opportunity to lease this split-level building offering two unique concepts- pub on the first floor and a classic "Americana" themed restaurant on the second. Easily considered one of the best retail locations in this popular downtown.

The Pub is currently open 5 days a week with 4 full and 6 part-time employees; offering pub menu and drinks. Favorite area gathering spot for Local live music and karaoke. Lounge has Seating for 45 and 20 seasonal patio seats.

The Currently closed 2nd Floor Restaurant has a fully equipped kitchen, tastefully Fit-Up Dining Room and seating for 59 . Many possibilities for Owner / Operator to grow revenue by maximizing & freshening Up 2nd Floor Space as an extension of the Lounge.

This desirable Business, Fit-Up Location is Prime for a Creative operator to make this a $1.2M + Revenue & Great Owner Cash Flow Opportunity.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Industry Segment: Restaurants
Reason for Selling: Owner is consolidating after starting and operating several unique and succesful concepts.
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: Base rent at $4,300 / mo
Employee/Labor Description: 4 Full; 6 Part Time employees
Mgmt/Training Support Description: Owner to assist in 2 wk transition period upon closing
Competition/Market Description: Conceptually Unique with Hard to Find Entertyainment & Karaoke
Growth/Expansion Opportunities: Upstairs Diner is another Revenue Stream waiting to be Tapped!
Seller Financing Description: Owner's will consider will consider Up To 20% Seller Financing to Qualified & Experienced Buyers

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,853 20,291 28,097
Median Age: 38.61 40.35 41.26
Households: 2,695 7,810 10,575

Contact

Photograph of Listing Agent

Jay DelMonte

RE/MAX Innovative Properties
NECPE Member
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