Profitable Tavern & Entertainment Venue for Sale!

Portsmouth, NH (Rockingham County)

Profitable Tavern for Sale!
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Asking Price: $415,000

Cash Flow: $122,196

Gross Revenue: $1,044,810

EBITDA: $122,196

FF&E: $200,000

Inventory: N/A

Rent: $6,416.67 /Month

Established: 2004

Profitable Tavern & Entertainment Venue for Sale!

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Business Description

Profitable Tavern and Entertainment Venue for Sale!

Great opportunity to own profitable restaurant and bar on the Seacoast of New Hampshire! This American restaurant has a large space for private functions and live entertainment. It is one of the most popular taverns and music venues in a very stylish and thriving community. With a seating capacity of 230 customers, a festive atmosphere and excellent food, it is a favorite of locals and visitors. It is a turnkey business with tenured management who run the business allowing for a semi-absentee owner.

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Detailed Information

Location:
Portsmouth, NH
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
12/18/2019
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in an urban area with significant growth. It is easily accessible to major highways and within walking distance to many customers. There is ample parking in downtown garages, lots and on the street. The entire space is approximately 4000 square feet.
Competition:
There are no restaurants with similar space for entertainment in the area. The town itself has plenty of restaurants but this is the only one with such a unique space.
Growth & Expansion:
There are numerous ways to increase the business of this already extremely popular restaurant such as increase hours of operation and marketing.
Support & Training:
Seller is willing to assist in support and training.
Reason for Selling:
Moving on to new ventures
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(from currently available funds)
 
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Hank Beresin

Business Listed By:
Hank Beresin

First Street Business Brokers, LLC

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