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Listing ID: 3184635

Popular, Casual Restaurant and Bar, $1.2M, Profitable For Sale

Greater Manchester, NH, Rockingham, New Hampshire, United States

$ 325,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 1,200,000

Cash Flow: not disclosed

Business Description

Restaurant ownership or restaurant management expererience required by the landlord. Greater Manchester, NH. Well-known casual restaurant and bar with seating for 96 in the dining area, 30 at the bar, 34 at high-tops, and 50 out on the deck during good weather. Located in a stand-alone building with plenty of off-street parking, and good visibility and signage. The location has been a restaurant and bar for over 50 years and the current owner has owned the business since 2015. Open for lunch and dinner daily from 11:30 AM – 10 PM, staying open till 11 PM on Thursday – Saturday (and Sundays during the summer). Sales have been consistent during the past 3 years at about $1.2M. Keno sales are not included in total sales. For more information, please contact John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC by email or call 603-880-8200. Attention Business Owners: We have buyers looking for businesses to buy and not enough listings! If you are considering a possible sale or would just like to learn more about the process, please call me for an initial, confidential discussion.

Annual Sales: $1.2M
Seating: 160
Credit card 87% and cash is 13%
Rent and property tax: $5,000 per month
Multi-year lease, flexible
Stand-alone building with off-street parking
5300 monthly customers
Seller financing available

Property Details

Size:

4400 sq. ft.

Years Established:

50

Property Type:

Lease

Inventory Value:

$ 10,000

Other Details

Business Location:

The business leases approximately 4400 sq. feet with off street parking. Fully equipped. All in good working condition.

Premise Details:

The business leases approximately 4400 sq. feet with off street parking. Fully equipped. All in good working condition.

Expansion Potential:

May be achieved by (1) expanding the hours of operation (allowed to stay open until 1 am); (2) by promoting the catering business; (3) open for break or brunch on weekends.

Operation Details

Employees:

24

Trading Hours:

Open daily for lunch and dinner

Support & Training:

Seller will provide 2 weeks of training included in the sale immediately after closing.

Miscellaneous

Financing Available:

Yes
Seller will finance some of the selling price to a qualified buyer. Term negotiable.

Reason For Selling:

Retire

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