Owner Financing is Available
Business for Sale Overview:
This is a popular, casual family dinning and sports bar located in the greater Nashua, NH area. Business is well established and has been a restaurant/bar for at least 20 years. The current owner took over the business in May 2006. The restaurant offers a varied menu of pub food, salads, and dinners. Business is located in a busy location with plenty of off-street parking, on a busy, high traffic state road. Seating capacity in the dinning area and bar is 129. The business features live entertainment. The location has been a restaurant and bar since 1989 and is therefore well established, well known and is patronized by local customers who come in regularly. Approximately 85% of the business is comprised of liquor sales and 15% food sales. The business has trained and reliable staff. Included in the sale are all the restaurant fixtures and equipment, the rights to the lease, to the trade name, and to the telephone number. In 2007 and 2008 the sales averaged $484,000 with Seller’s Discretionary Earnings averaging $121,516 and plenty of capacity to grow sales. Seller is willing to work with new owner to transition and train.
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:
The business leases approximately 3,200 square feet of space located in a strip plaza with plenty of off-street parking. Rent is $5,900 per month and includes the triple net charges. There are 11 years remaining on the lease, including extensions. (See lease for details) Fully equipped kitchen. New ice machine. New HVAC unit.
Market Competition and Expansion:
Competition: Well established and lots of loyal repeat customers.
Growth and Expansion: May be achieved by expanding the menu and promoting food sales. Food sales can be increased as currently approximately 85%-90% are liquor sales.
Reason for Selling:
Spend more time with family & other opportunity
Additional Details:
- The property is leased.
- 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.