Restaurant in Portsmouth, NH

Portsmouth, NH (Rockingham County)

Asking Price: $450,000

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Business For Sale Details

Listed on Jun 16, 2023

Attention chefs, caterers, and current restaurateurs. Check out this tantalizing opportunity to own a meticulously maintained and managed 100-seat restaurant with a 20+ year reputation for delicious meals, pastries, and libations. Location offers ample parking, a steady year-round customer base, private function space, and seasonal outdoor seating in a rapidly expanding area. Trendy décor and updated finishes make this a truly turn-key culinary establishment.

Financials
Asking Price: $450,000
Gross Revenue: $575,000
Cash Flow: $152,000
FF&E: $30,000 +/- (included in the sale price)
Inventory: $18,000 +/- (NOT included in the sale price)
Real Estate: leased @ 6,100.30 per month.

Business Details
Days Open: 6 days Breakfast & Lunch
Year Established: 2000
Employees: 12 pt Payroll: $5,250.00 a month
Licensure: ABC & Business

Opportunities for growth: Start a dinner service, build Catering/Function business.

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Financials (USD)

Asking Price $450,000

Cash Flow $152,000

Sales $575,000

Deal Terms

Represented by broker? Available On Request

Buyer Fee? Available On Request

Seller Financing? Available On Request

Willing to co-broke? No

Principals only? Yes

Franchise? No

Management will stay? Yes

Relocatable? No

Real Estate? No

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