Catylist ID:
#30659925
Profitable Seacoast NH Restaurant with Real Estate, 40 Years of Succe...
Undisclosed Address, Hampton, NH
Business Opportunity
for Sale
| Catylist Listing ID: | 30659925 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | 3,700 SF |
| Sale Price: | $315,000 |
| Gross Revenue: | $1,057,000 (Annual) |
| Cash Flow: | $176,000 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Sale Terms: | Business price includes all FF&E, trade name, phone number, website, goodwill and other tangibles and intangibles. Inventory to be added to the selling price. |
| Last Updated: | 7/9/2021 |
Overview / Comments
|
Profitable and popular restaurant with Real Estate is for sale on the New Hampshire Seacoast. This 100 seat restaurant is located in an historic building with tremendous character and the flexibility to host multiple private parties. The restaurant’s wonderful reputation and culinary experience attract locals and tourists alike. There is an experienced staff in place making this a turn-key operation for the next successful owner. The real estate consists of a beautiful historic building in a downtown with nearly 4000 square feet of usable space. There is a bar area and several rooms, all open with the flexibility to accommodate private parties. The total seat count is approximately 100. Real Estate is offered at an additional $735,000. To receive additional information on this opportunity, please complete the Non-Disclosure Agreement and return to info@FirstStreetBB.com. Location noted on map below is not correct due to confidentiality. |
Attachments & Media
Additional Details
| Industry Segment: | Restaurants |
| Reason for Selling: | Divestiture and relocation |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $102,000 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | The business is located in a beautiful historic downtown with nearly 4000 square feet of usable space. There is a bar area and several rooms, all open with the flexibility to accommodate private parties. The total seat count is approximately 100. Real estate is priced at $735,000. |
| Employee/Labor Description: | There is an experienced staff in place making this a turn-key operation for the next successful owner. Seller works approximately 10 to 20 hours per week in the business. |
| Mgmt/Training Support Description: | Seller is willing to assist in support and training. |
| Competition/Market Description: | There are a number of competitors in the market but few that reside in such a beautiful and iconic interior. The unique property and the restaurant’s atmosphere and food quality set it apart from the rest. |
| Growth/Expansion Opportunities: | Increasing marketing efforts could provide growth in all areas of the business including private parties, meetings and events. Hours could also be expanded and catering promoted. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,924 | 22,767 | 38,278 |
| Median Age: | 45.12 | 46.11 | 46.28 |
| Households: | 1,722 | 9,775 | 16,229 |
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