Italian Restaurant In Fantastic Location

www.GlobalBX.com

Listing ID: 700338180

Listing Title: Italian Restaurant In Fantastic Location

Quick Link: http://www.globalbx.com/listing.asp?bId=338180

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: New Hampshire

Area

City:

Asking Price Range: < $250K

Gross Revenues: $1,100,000

Cash Flow: $171,000

Cash Flow Type: EBITDA

Year Established: 2018

Number of Employees: 1 - 3

Business Description:
Bringing the classic fine dining Italian experience of Boston's North End to New Hampshire! Seller has been operating the business for 19 years at this Main Street Location. One of the highest rated Italian restaurants in southern NH. The business had 2019 annual sales of $1,100,000, and additional $1,000 per month in cash catering business. This generates annual seller discretionary earnings (SDE) of $171,000. The business has FF&E of $30,000 and improvements of new equipment and buildout of additional $120,000. In 2019 there were 23 employees, 11 full time and 12 Part time. 60 seats with additional 12 seats seasonally on the front sidewalk and 14 seats at the bar. Sale Price of $190,000 - FF&E included in the sales price. Seller has been operating the business for 19 years at this Main Street Location. One of the highest rated Italian restaurants in southern NH. Annual sales of $1,100,000, and additional $1,000 per month in cash catering business. This generates annual seller discretionary earnings (SDE) of $171,000. The business has FF&E of $30,000 and improvements of new equipment and buildout of additional $120,000. Sale Price of $190,000 - FF&E included in the sales price. Reason for Selling: Owner Moving out of State



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