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Salem, Nh -Full Service Restaurant With Lounge

Salem, NH (Rockingham County) (Relocatable)

Seller Financing Available
Salem, Nh -Full Service Restaurant With Lounge
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Asking Price: $350,000

Cash Flow: $300,000

Gross Revenue: $1,250,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $7,710 /Month

Established: 2014

Salem, Nh -Full Service Restaurant With Lounge

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Business Description

FREE STANDING BLDG. SITTING ON MAJOR HWY. TONS OF VISIBILITY & PARKING

LOCATION: Southern NH, close to Mass border. Major numbered rte. Busy retail area. Close proximity to 3,000 new apts.

SELLING PRICE: $350,000 DOWN PAYMENT: $150K

SALES VOLUME: Strong $20K+ per wk No delivery. Huge demand for catering.

LEASE: $7,710/mo. (includes NNN) YRS. LEFT: 15 +...no escalators

SQUARE FOOTAGE: 4,000 sf. with full, dry basement for storage.

HOURS OF OPERATION: Closed Monday. 11:30 AM -9 PM

SEATING: 185 seats (large patio planned)

COMMENTS: Very active with private parties. Strong repeat business due to location, quality of food, and attention to service. Separate bar and pub area with 20-stool bar and numerous TVs for sports. Strong, dedicated staff.
NETS $300,000 PER YR...EVERY YEAR!
Call Betsy at 617-840-5606 or email betsy817@verizon.net

Detailed Information

Location:
Salem, NH
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Facilities:
Large dining room and adjacent lounge
Competition:
No other restaurant offering the quality of food in the area.
Growth & Expansion:
1,000 New apartment complex nearby adds to potential to increase revenue.
Financing:
Down Payment $150 K
Support & Training:
staff willing to stay on.
Reason for Selling:
Family Reasons
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(from currently available funds)
 
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Betsy Masucci

Business Listed By:
Betsy Masucci

New England Restaurant Brokers

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Sponsoring Broker:
Dennis Serpone

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