High Volume Turnkey Restaurant with Retail and RE
Listing #: 1584
Location: Concord, NH area
Description: For sale is an 8,000 sq ft. year-round dining, banquet, and retail facility situated in an extremely high traffic area. This is a turnkey venue with consistently strong cash flow, ample parking, and a proven New England food concept.
This property also has the potential for significantly higher sales volume based on increased operating hours and a two-acre site for expansion.
Gross annual revenue is well in excess of asking price and business is fully equipped with everything needed to ensure a smooth transition. Owner is well established and willing to assist with any expertise needed to maintain quality control. Property is in high demand and represents tremendous value in the food and beverage industry and has long been recognized as a standard of dining and entertainment excellence.
Yearly Gross: $2,700,000
Cash Flow / SDE: $294,565
Assets / FFE: $(included)
Inventory: $ (included)
Financing: Pending SBA Pre-Screen
Asking: $1,950,000 (Business and Real Estate)
Year Established: 1995
Facilities: Restaurant, catering, retail shop, outdoor venue available
Type of location: Commercial
Growth and Expansion: Yes
Support/Training: Owner will assist in a smooth transition
Reason Selling: Retirement
Employees: 20 FT 20 PT
Franchise: No Re-locatable: Yes
Broker: Peter Spanos
Broker: Phone: 781-682-6209 ext. 268