Owner Financing is Available
Business Overview:
This well established restaurant has been owned and operated by the same people since inception. It is still popular and profitable. Now only open 4 pm-10 pm everyday except Sunday; the restaurant used to be open for lunch and late evenings for many years but the older owners decided to scale back several years ago to suit their lifestyle. Thus the under utilzed bar section is just waiting for a new owner to stay open a bit longer in order to make money off the alcohol sales that used to flow from the beautiful bar section when it was open until 2 pm. Located in a wonderful neighborhood section of Portsmouth this is a unusual opportunity to purchase a turn key restaurant with a beautiful 2,900square ft building and parking lot all for $295,000!!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
2,939 square feet freestanding building at the entrance to One of Portsmouth nicer neighborhoods on a busy roadway. The building is in great shape an is fully equipped with a fresh and clean build out. It sits on 20,625 square feet of land and thus has ample parking.
Market Competition and Expansion:
The restaurant used to serve lunch as well as staying open late in the evenings when the owners were younger and motivated. Now only open 4 pm-10pm 6 days a week, this restaurant has a great deal of upside potential.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: