"Mangia, Mangia, Mangia" - Italian Restaurant & Lounge
| Asking Price: | $495,000 | Inventory: | |
| Gross Revenue: | Not Disclosed | Real Estate: | $450,000 ++ |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price |
Whitefield, NH - "Mangia, Mangia, Mangia" An Italian Restaurant & Lounge located in charming C. 1840, 12 guest room Inn consisting of 8815 square feet. Includes a 4 room owner's apartment. Sitting on 4.3 acres with long frontage on the area's main highway (RT. 3), offers outstanding visibility and accessibility. Snowmobile trail passes side door, adjacent to a Summer Stock theater, minutes from a Grand Hotel/Spa/Golf that refers guests year round. Boasts a full commercial kitchen, large & smaller dining rooms allows seating for over 100, large eat in bar area, & much more. Ground floor of this long established facility was renovated in 2008 & opened as an Authentic Italian restaurant & lounge. Today it has become a very popular place to eat, & is performing exceptionally well. Second level rooms & owner's apt. have been cleaned, but not renovated or furnished. Guest rooms & owner's apt. needs cosmetics, and furnishings. This is truly an exceptional opportunity, & a simple operation to run.The sale includes all equipment, etc. to operate the restaurant/lounge. The items on the menu are all very popular & all sell. The same is true for the wine & beer lists. This is a winner ... $495,000.
About the Business
Employees:5 full time - 2 part time
Facilities:An 8815 Square foot building of exceptional character that has had the first floor recently renovated & is fully operating as an Italian restaurant and bar/lounge & it is an attractive & unique building & business. The Tower section & second floor requires cosmetics and/or needs furnishings. It is located on 4.2 acres on RT 3 which is the main road from I-93 in NH, all the way to Quebec , Canada . More than ample parking area, adjacent to a very popular Summer Stock Theater & is minutes from a Grand Hotel/Spa/Golf.
Market Outlook and Competition:For an Italian menu, this is the only place like it in Northern NH & it is in a prime location. Of the few other restaurants, they are not in competition with this one. In addition to all of it's current attributes, there is room to expand & grow as it is not close to meeting it's full potential.
About the Sale
Management Training and Support:Business manager willing to spend a week or two assisting a new owner.
Reason For Selling:Other Interests
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