Italian Restaurant in Fantastic Location

Not Disclosed, NH
Hillsborough County


Asking Price: Annual Revenue:
$299,000 $1,100,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant in Fantastic Location Broker: Jody Reese

Quick Facts

Asking Price: $299,000
Annual Revenue: $1,100,000
Net Profit: Not Disclosed
Cash Flow: $171,000
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 29950951
Broker Reference #: 09551-170302

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Business Overview:

This restaurant brings the classic fine dining Italian experience of Boston's North end to Manchester, New Hampshire. The seller has owned the business 19 years and has consistently been one of the highest rated Italian restaurants in the southern NH area. Located on a highly desirable Main Street Location, this restaurant generates annual sales of $1,100,000, plus $1,000 per month in cash catering business. This generates an annual seller discretionary earning (SDE) of $171,000. The business has FF&E of $30,000 (included in sales price) and improvements of new equipment and buildout of $120,000.

Seller is one of the top-rated Chefs in NH and would be willing to stay on with an employment contract as the head chef, preserving the high quality food offering and returning customer base. There are 23 employees, 11 full time and 12 part time. Seats 96 with additional 12 seats seasonally on the front sidewalk and 14 seats at the bar.

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Reason for Selling:

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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.

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