Profitable Tavern & Entertainment Venue for Sale!

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Profitable Tavern and Entertainment Venue for Sale!
Asking Price:
$425,000

Gross Revenue:
$1,044,810
Cash Flow:
$122,196
EBITDA:
$122,196
Inventory:
 Not Disclosed

FF&E:
$200,000
included in asking price

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Business Description

Great opportunity to own profitable restaurant and bar on the Seacoast of New Hampshire! This American restaurant has a large space for private functions and live entertainment. It is one of the most popular taverns and music venues in a very stylish and thriving community. With a seating capacity of 230 customers, a festive atmosphere and excellent food, it is a favorite of locals and visitors. It is a turnkey business with tenured management who run the business allowing for a semi-absentee owner.

About the Business

Location:
Portsmouth, New Hampshire
Year Established:
2004
Number of Employees:
22
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$6,416.67 Per Month
Lease Expiration:
12/18/2019
Facilities:
The business is located in an urban area with significant growth. It is easily accessible to major highways and within walking distance to many customers. There is ample parking in downtown garages, lots and on the street. The entire space is approximately 4000 square feet.
Market Outlook/
Competition:
There are no restaurants with similar space for entertainment in the area. The town itself has plenty of restaurants but this is the only one with such a unique space.
Growth & Expansion:
There are numerous ways to increase the business of this already extremely popular restaurant such as increase hours of operation and marketing.
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About the Sale

Reason For Selling:
Moving on to new ventures
Training/Support:
Seller is willing to assist in support and training.

Listing Info

ID:
1650480
Ad Detail Views:
0

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Business Listed by

Hank Beresin

First Street Business Brokers, LLC

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