Profitable Portsmouth Restaurant

Undisclosed Address, Portsmouth, NH 03801
Retail-Commercial for Sale
Catylist Listing ID: 30409846
Property Subtypes: Restaurant
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Sale Price: $385,000
Unit Price: $77 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/5/2019

Overview / Comments

This is a long standing proven concept that is very profitable. It features a very well maintained kitchen with a separate prep kitchen and plenty of storage as well as an executive office to conduct business . It has 60 seats inside and out on an attractive patio as well as 80 seats for functions and lounge entertainment. The areas could offer dual concepts and sales could be improved dramatically
The sales are strong at over $1.0mm and the bottom line is consistent. Outside catering can be handled easily with van access and a separate prep area for coordination. Training is available for three weeks with an agreed upon schedule.
This is a confidential listing and the attached NDA must be signed prior to any information being released
Please note that this is business only and there is no real estate involved in the sale.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $4,300 (Annual)
Actual or Proforma Year Actual

Additional Details

Tax ID/APN: 999999
Zoning: COMMERCIAL
Retail Clientele: General, Business, Tourist, Convention
Property Visibility: Excellent
Airports: Pease
Tenancy: Multiple Tenants
Property Condition: Excellent
Parking Type: Surface
Sprinklers: Other
Heat Type: Electricity, Propane
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable
Lot Frontage: 1000
Water Service: Municipal
Sewer Type: Municipal

Contact

Photograph of Listing Agent

Arthur J Pappas

Keller Williams Coastal Realty
NECPE Member
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