Confidential Restaurant with Real Estate

Undisclosed Address, New Hampshire
Business Opportunity for Sale
Catylist Listing ID: 30868304
Property Subtypes: Food and Beverage
Building Size (RSF): 4,059 SF
Gross Land Area: 1.48 Acres
Sale Price: $1,400,000
Name of Establishment: Confidential
Franchised Business: Yes
Franchise Parent Name: Confidential
Year Business Established: 2001
Gross Revenue: $1,573,281 (Annual)
Cash Flow: $244,921 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to Seller. Seller is open to Financing qualified Buyer.
Last Updated: 5/18/2024

Overview / Comments

This is a great opportunity for a restaurant operator to turnkey into an established and recognized New England Franchise. Control your own business location, as the Real Estate is included with the Sale. With excellent sales numbers, this Burger related franchise restaurant and bar generates great income for owners ongoing, and also from a stable Tenant in a connected section of the building. The property consists of a Duplex building on two lots, large 90 space parking lot, established medical tenant in place, and the Restaurant operates from the rest of the space.
The restaurant and bar operates with a New England franchise operation with a warmly recognized brand name. Low franchise fees in place, or build your own brand if you wish. Fully equipped and ready for a new owner.
The current owners, long term restaurant operators, are ready to retire and to hand the mantel to a new operator. Turn key in that a new owner can operate on the same basis as current owners who do not work full time in the business. All FF&E are included.
Gross income of over $1.5mm, with 35 full and part time staff. Building, siding are in good shape, and a new roof was installed in 2023.
The location is ideally situated at a lighted intersection, opposite a newer gas station, on a busy route, and just a couple of hundred yards off an exit of a major thoroughfare between the Seacoast and Lakes and Mountains region of New Hampshire. Serviced by public Water and Sewer, and Natural Gas.
With several hundred+ feet of frontage, it can be a long term development opportunity if so inclined.
The Property Address, Franchise name, and Financial details will be available to Qualified Buyers upon signing of a confidentiality agreement.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Employee/Labor Description: 35 full and part time employees, mostly part time, with manager in place.
Seller Financing Description: Seller is open to financing the purchase of the business and Real Estate at rates similar to banks.

Contact

Photograph of Listing Agent

Gerry O'Connell

KW Coastal and Lakes & Mountains Realty
NECPE Member
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