Profitable Restaurant & Bar
Location New Hampshire,United States
Asking Price Range $250K - $500K
Gross Revenues $1338000
Net Profit / Cash Flow $125000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 10 - 19
Inventory 80000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Yes.
Reason for Sale Moving to the West Coast.
Description This restaurant for sale has averaged $1.4 million in gross sales with an average net profit of $162,000 over the past three years. The restaurant is only available because the owner is relocating to the west coast. This offers a new buyer a truly turn-key opportunity with a desirable client base and expansion possibilities.
Lease term: there is a five (5) year lease with one five (5) year renewal.
Base rent: $120,000 annually.
Reason for sale: the seller is relocating to the west coast.
Concept: mexican cuisine.
Seating: 250 persons.
Licenses: full liquor license, 1:00 am.
Sales: $1,338,863 in 2007 averaging $1.4 million over the last three years.
Cash flow: $123,000 for 2007 averaging $162,439 over the past 3 years.
Price: $300,000. Seller financing available with $150k down.
For more information please email or call Corbett Restaurant Group .617-948-3394
Click Here To Contact Seller
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