Portsmouth Restaurant With Real Estate For Sale

Business description

This well established restaurant has been operated in the same location by the same owners for 25 years. They are selling simply b/c they want to retire. It is a very popular and profitable restaurant; although a few years back the owners scaled back the hours to 4 pm-10 pm 6 days a week (closed Sundays). They used to be open for lunch and later in the evenings and did tremendous numbers; but growing tired with age and having already made a lot of money they decided they wanted simpler hours a few years back. That being said, the beautiful and fully equipped restaurant has a wonderful bar area that would do tremendous numbers again with a younger and more energetic owner willing to saty open longer; particularly on the weekends. Plus lunches worked as well nicely at the restautant until they stopped serving lunch. This is a wonderful opportunity to purchase a turn key business and nice piece of real estate (freestanding 2,900sq. ft. building and large parking lot) all for $295,000!!!

Property information

Location:

Freeestanding building located outside of a very nice neighborhood in Portsmouth o na busy roadway.

Premises details:

2,939 sq. ft. freestanding building on a 20,625 sq. ft lot with ample parking. The building is highly visible to the roadway and is in good shape. the inside is fully equipped and has a fresh and clean build out that looks good just as it is.

Size in square feet:

2,939

Business Operation

Expansion potential:

Currently only open 4-10 pm 6 days a week; it should be open for lunch and later in the evening as it used to do when the older owners did until a few years ago.

Reasons for selling:

retirement

Trading hours:

4 pm-10 pm every day except closed on Sunday.

Employees:

5 FT & 4 PT

Years established:

25

Other information

Support & training:

Seller will provide

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Negotiable

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)