Salem, NH: Full Service Restaurant and Lounge

Salem, NH
Rockingham County

Southern NH, close to MA border


Asking Price: Annual Revenue:
$350,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Salem, NH: Full Service Restaurant and Lounge Broker: Betsy Masucci
Owner Financing is Available!
Down Payment: $150,000; Financing: $200,000, at 6% over 3 years

Quick Facts

Asking Price: $350,000
Annual Revenue: Not Disclosed
Net Profit: $300,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 456219596
Broker Reference #: EM 7060

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Business Overview:

LOCATION: Southern NH, close to MA border

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

SALES VOLUME: STRONG $20,000 + /week NO DELIVERY Huge demand for catering

LEASE: $7,710/month (includes NNN) Years LEFT: 15+…no escalators

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

HOURS OF OPERATION: Tuesday, Wednesday, Thursday, 4:00 PM - 9:00 PM
Friday & Saturday 11:30 AM - 9:00 PM Sunday 11:30 AM - 8:00 PM
CLOSED MONDAY
SEATING: 185 seats (large patio planned)

COMMENTS: With full capacity and outdoor seating, weekly sales have increased to $35K. 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 and friendly atmosphere Known for its great menu options and huge food portions. Plenty of parking. A seasoned operator will immediately see the value and potential.
NETS $300,000 PER YR...EVERY YEAR!

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Property Features and Assets:

Highly visible location; kitchen equipped for dine-in, take-out, catering, and private parties. Separate lounge area with 20 -stool seats and numerous TVs for sports. Very popular menu featuring Middle Eastern Cuisine. Entertainment adds to the pleasant climate of the restaurant created by the owners and staff. Being so close to MA, this restaurant is a favorite among MA and NH diners alike.

Market Competition and Expansion:

Limited competition. Huge demand for catering. Hours on Tues., Wed., and Thurs. could be extended to include lunch. The outside patio could be a permanent arrangement during the warmer weather months.

Reason for Selling:

Retiring

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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