Highly Profitable and Popular Neighborhood Tavern on the Seacoast of ...
Undisclosed Address, North Hampton, NH 03862
Business Opportunity
for Sale
| Catylist Listing ID: |
30667469 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
5,000 SF
|
| Sale Price: |
$489,000 |
| Gross Revenue: |
$1,900,000 (Annual) |
| Cash Flow: |
$366,000 (Annual) |
| Cash Flow Type: |
Sellers Discretionary Earnings |
| Sale Terms: |
All furniture, fixtures and equipment included in the sale |
| Last Updated: |
1/19/2021 |
Overview / Comments
Great opportunity to own and operate a highly profitable neighborhood Tavern on the Seacoast of New Hampshire. This family-friendly restaurant is casual and an enjoyable place to eat and/or have drinks. It is one of the most popular restaurants in a thriving community. With a seating capacity of over 150 customers, a festive atmosphere and delicious food, it is a favorite of locals and visitors. It is a turnkey business with tenured management in place.
Location will be disclosed only with fully completed NDA/Confidentiality Agreement - the map below is inaccurate.
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Additional Details
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Moving on to new ventures |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$0 |
| Real Estate Status: |
Leased |
| Value of Real Estate Included ($): |
$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. |
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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