Highly Profitable and Popular Neighborhood Tavern on the Seacoast of ...

Undisclosed Address, North Hampton, NH 03862
Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30667469
Property Subtypes: Food and Beverage
Status: Pending/Contingent
Building Size (RSF): 5,000 SF
Sale Price: $489,000
Gross Revenue: $1,900,000 (Annual)
Cash Flow: $366,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: All furniture, fixtures and equipment included in the sale
Last Updated: 3/29/2021

Overview / Comments

Great opportunity to own and operate a highly profitable neighborhood Tavern on the Seacoast of New Hampshire. This family-friendly restaurant is casual and an enjoyable place to eat and/or have drinks. It is one of the most popular restaurants in a thriving community.  With a seating capacity of over 150 customers, a festive atmosphere and delicious food, it is a favorite of locals and visitors. It is a turnkey business with tenured management in place.

Location will be disclosed only with fully completed NDA/Confidentiality Agreement - the map below is inaccurate.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Moving on to new ventures
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: The business is located nearby major highways, within walking distance to many customers and has ample parking. The entire space is approximately 5,000 square feet.
Employee/Labor Description: Tenured management in place. Turnkey business.
Mgmt/Training Support Description: Seller is willing to assist in support and training.
Competition/Market Description: The town itself has plenty of restaurants but this is one of the few with such a family friendly environment and reasonable prices.
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: 1,635 17,050 47,136
Median Age: 47.83 45.89 45.43
Households: 716 7,353 19,751
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