Cafe in Downtown Portsmouth, NH - In the Center of all the Action!

Business Opportunity for Sale
Catylist Listing ID: 30758395
Property Subtypes: Food and Beverage
Building Size (RSF): 1,750 SF
Sale Price: $65,000
Gross Revenue: $700,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Asking price is $65,000. The name of business is not for sale, only the furniture, fixtures and equipment and favorable lease.
Last Updated: 8/31/2021

Overview / Comments

Opportunity to acquire a small restaurant and cafe that was newly built out approximately five years ago.  The restaurant, Dos Amigos, recently closed and was a burrito/taqueria and cafe offering a limited menu.  The dining room has 36 seats and two bathrooms, and there are two tables outside.

It is located in the heart of beautiful downtown Portsmouth, NH.  There is a separate room for food preparation, storage and dish washing. The Business had a strong local customer base with full liquor license. It is nearby to parking, hotels, private residences and many businesses.  The name of business is not for sale, only the furniture, fixtures and equipment and favorable lease.

Additional Details

Nearest MSA: Manchester-Nashua
County: Rockingham
Industry Segment: Restaurants
Reason for Selling: Divestiture
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $50,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 1,750 +/- square feet of usable space in downtown Portsmouth, NH. The interior seating count is 36 with two tables outside.  The existing lease term goes through Feb. 2024 plus a 5-year option that ends in Feb. 2029.
Mgmt/Training Support Description: Provided, if required.
Competition/Market Description: A large variety of restaurants exist in downtown Portsmouth. It's a thriving area with plenty of locals and tourists looking for good places to eat and drink.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,713 26,118 45,500
Median Age: 40.73 42.16 42.84
Households: 5,116 12,383 20,592
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