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- RE: Salem, NH--Restaurant, 2 Bars, Entertainment
- Contact: Dennis
- License #: 70243
Quick Facts
| Asking Price: | $700,000 | |
| Annual Revenue: | $1,000,000 | |
| Net Profit: | $200,000 | |
| Cash Flow: | $200,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $190,000 | |
| Year Established: | 2020 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 950827 | |
| Broker Reference #: | JP111 |
Business Overview:
SELLING PRICE:$700,000 DOWN PAYMENT: ONLY $150,000 dn
SALES VOLUME:$15,000 - $20,000/week
LEASE:$10,000/month grossYears left: 1 YR + 3 five year options
SQUARE FOOTAGE: 5,100 square feet.
HOURS OF OPERATION: 5 days; mostly 4 pm – 10 pm, Sun: 3 pm – 8 pm
SEATING:136 inside & outside (24 seats at inside bar, 12 seats at the outside bar)
REASON FOR SELLING: Significant family health issues.
COMMENTS: Food cost: 25%, labor: 17%-22%...30 craft beer taps, 10K followers on Facebook and $250,000 in catering contracts make this an excellent opportunity for a seasoned operator. Live entertainment most nights. Huge parking lot on a major road; town sewerage. Over 1,000 new hi-end apts. close by. Over a million was spent on the build-out…mostly in the kitchen. THE BUSINESS NEEDS A CONCEPT ADJUSTMENT.
Wait till you see this place. This is the DEAL OF THE CENTURY for an experienced operator.
Contact Dennis using reply to this ad button.
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Property Features and Assets:
5,100 square feet ...all new build-out that cost over $1 million. The best kitchen equipment. Outside patio bar.
Great for private parties and functions. Absolutely pristine.
A seasoned operator will make a fortune.
Market Competition and Expansion:
No competition in the area.
Reason for Selling:
Family health issuesAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more New Hampshire businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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