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NH-Gold Mine-Busiest Casual Restaurant W/ RE

Manchester, NH
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Asking Price:$4,750,000
Gross Revenue:$5,000,000
Established Year:2020
Cash Flow:$1,350,000
Real Estate:$2,600,000
Listing ID: 2267654Listing provided by BizBuySell
BUSINESS DESCRIPTION

SELLING PRICE: $4.75 MILLION…SBA financing readily available with as little as 10% cash required, 25 year note on RE & Business

SALES VOLUME: $95,000 per week…close to $5 million per year

SQUARE FOOTAGE: approximately 4,000 sf. on two levels, 1.3 acres of land, town sewerage and water…loads of parking on the busiest road in town.

HOURS OF OPERATION: 7 days, 11 am – 7 pm most days

SEATING: 170 seats inside 30 seat patio

REASON FOR SELLING: After 25 years of incredible profits, it’s time to retire.

COMMENTS: ARE YOU TIRED OF PAYING RENT?
ARE YOU TIRED OF WORKING HARD AND BARELY MAKING A SALARY?
Almost $5 million in sales provides a VERIFIABLE $1.3M- $1.5 million net profit EVERY YEAR.
Easy to run with a fantastic crew, this is the BEST property you will find in a resort area.
Business and real estate have been recently appraised. THIS IS THE FIRST TIME THAT THIS INCREDIBLE BUSINESS IS BEING OFFERED. Need NDA and verifiable Financials prior to any information being released. Serious inquiries only, Highly Confidential!. This Gold Mine can support its debt ratio easily for a experience restaurateur.
This fast food/comfort food family operation draws business YEAR ROUND from skiers, leaf peepers, hikers, sightseers, campers, hunters, and day trippers.
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ATTACHED DOCUMENTS
NDA.docx Download
DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,300
Employees
80
Facilities
This family restaurant has it all. Excellent Condition throughout, Seller has maintenance and replacement programs in place. Very well known and has consistently been one of the most busiest family restaurants for 25 years. Does not need a thing. Has full alcohol license and perfectly maintained real estate and patio.
Competition
Busy area in a well defined town and business. Although there is competition, nothing comes close to what this gem has to offer in service, longevity, quality and overall customer satisfaction.
Growth & Expansion
Can easily expand take out and menu offerings. Banquets are big here, can expand on the family banquet offerings and increase the overall business...but with present sales and profits, 'more' is not necessary.
Support & Training
Yes, Seller will throughly train buyer or buyers for 2 weeks and more of needed, to be negociated.
Reason for Selling
After 25 years , its time to retire, seller offering his expertise to new Buyer.
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Bob
cioffi
NATIONAL RESTAURANT EXCHANGE
Phone Number
Bob cioffi
Call Phone