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.

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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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