Awesome Lakeside Restaurant Location

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Asking Price:
$995,000

Gross Revenue:
$1,114,728
Cash Flow:
$196,574
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
not included in asking price

FF&E:
$194,000
included in asking price

Real Estate:
$775,000
included in asking price

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Business Description

PRICE REDUCED! This profitable lakeside operation has been serving the local community, second home owners and vacationers for years. Excellent location, strong demographics and a well-maintained facility. There are multiple seating options in the restaurant to cater to a broad range of diners. This is a perfect business for a chef, experienced restaurateur, hospitality investor or experienced restaurant manager looking to purchase their own business. The business and real estate including $194,000 of furniture, fixtures and equipment, $58,000 worth of upgrades and capital improvements, training during the transition to a new owner, supplier and vendor contacts, good will, recipes and special food prep information, and non-compete agreement are available for $995,000, allocated at a value of $775,000 toward the real estate and $225,000 toward the value of the business, plus, the value of the inventory and supplies at the time of the sale of the business and real estate. The value of the inventory and the supplies range from $25,000 to $50,000.

About the Business

Location:
New Hampshire
Year Established:
2010
Real Estate:
Owned
Building Sq. Ft.:
5,000
Facilities:
5000=/- square foot facility with lake frontage. Inside and outside seating. Access from land and water.
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About the Sale

Training/Support:
Support and training during the transition is included.

Listing Info

ID:
1416868
Ad Detail Views:
2419

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Business Listed by

Leon Parker, CBI, President

New Hampshire Business Sales, Inc.

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