Established and Profitable Lakes Region Restaurant and Bar

NH

Established and Profitable Lakes Region Restaurant and Bar
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Asking Price: $795,000

Cash Flow: $165,023

Gross Revenue: $829,239

EBITDA: N/A

FF&E: $125,255

Inventory: $40,000*

Real Estate: $500,000

Established: N/A

*not included in asking price.

Established and Profitable Lakes Region Restaurant and Bar

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Business Description

This established and profitable Lakes Region New Hampshire restaurant business is a perfect situation for a chef who would like to own their own location and control his or her future. This is also an ideal situation for a husband and wife or partnership to manage their own restaurant operation. With sales of $829,239 producing discretionary earnings of over $165,000, this business continues to grow with happy repeat customers and new patrons coming in from local referrals. The business and real estate, including $125,255 of furniture, fixtures and equipment, $100,297 worth of upgrades and improvements, non-compete agreement, good will, training during the transition to a new owner, vendor and supplier contact information, recipe and food prep information are available for an offering price of $795,000 plus the value of the inventory and supplies. The offering price is allocated at $500,000 toward the value of the property and $295,000 toward the value of the business. The value of the inventory and supplies, ranges between $25,000 and $50,000.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,000
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Support and training during the transition to a new owner is included.
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Leon Parker, CBI, President

Business Listed By:
Leon Parker, CBI, President

New Hampshire Business Sales, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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