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Highly Profitable, Turn Key Restaurant
Location: United States -> New Hampshire -> Concord
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

PRICE REDUCTION!
This is the quintessential ''local'' restaurant with an outstanding track record of financial success and one of the best locations in its served market. The restaurant houses both dine-in and take-out options and has very little direct competition. It is locally owned and operated. It has a very loyal following, long-term staff and is known for quality food served at reasonable prices. It also has a liquor license.

Business Price: $400,000
Revenues: $1,075,983
Furniture, Fixtures, & Equipment (FF&E): On request and included in price
EBITDA: $122,154

Facilities: The restaurant is 2,516 square feet on the first floor and a basement. It seats 78 patrons and has parking for 30 vehicles. It's open 7 days a week with a very busy breakfast and lunch crowd. It is located on one of the most highly trafficked corners in town. The business was started in 1996.

The restaurant is being leased to operator for gross rent of $17 a square foot, representing lease payments of approximately $3,541 per month, Triple Net. The owner is willing to offer the lease with an Option to Buy the Real Estate or sell the property outright for $650,000.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,075,983
Cash Flow:   $114,926
Cash Flow Type:  EBITDA
Inventory:  On request and included in asking price
Seller Financing:  Not Disclosed

About The Business

Year Established:  1996
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller is willing to stay on to assist in support and training for a short period of time as a consultant.
Reason For Selling:  Retiring




Print Listing Id: 700246275
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Hampshire Businesses For Sale > New Hampshire Franchises For Sale > New Hampshire Business Brokers



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