Established Seafood & Steak Restaurant

Location: United States -> New Hampshire -> South Central New Hampshire
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Businesses for sale Summary

Check out this newly listed seafood and steak restaurant for sale, located minutes from a popular sporting/recreation spot. Includes catering, banquets and outside dining. Full liquor license. Indoors seats 250+. Open since 1993, it enjoys a loyal local clientele as well as tourists, plus a steady growth of 15 to 18% each year. Property was recently appraised at $1.5M, but owners will let it go for $1.35M with the purchase of the business, asking $850,000. Restaurant is completely equipped and staffed. Email or call me with serious interest only. David Meilsin 315-292-6876.
Asking $850,000.

Financials

Asking Price Range: $500K – $1.0M
Gross Revenues: $2,400,000
Cash Flow: $250,000
Cash Flow Type: EBITDA
Inventory: $195,000
Seller Financing: Yes

About The Business

Year Established: 1993
Number of Employees: 20 – 34
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale

About The Sale

Management Training and Support: Owners will fully train.
Reason For Selling: Owners wish to retire.