Listing ID: 78745
Award winning southern New Hampshire restaurant known for its quality food, attentive service and ideal location. Reviews often compliment the restaurants friendly and comfortable atmosphere.
Dine in a variety of seating options including patio, deck, bar, lounge, dining room, living room, etc. An owner managing either the FOH or BOH (or both) would add back more salary to profit. This restaurant has remained open with solid $/ticket and covers/day numbers even through the pandemic. Additionally, House Expense could be continued, discontinued, or decreased at the discretion of new ownership. Many similar restaurants have gone down to dinner only, but this location has strong enough lunch demand to have supported full operation.
REAL ESTATE INCLUDED! 1.7 Acres. Well positioned on a busy lighted intersection just 4 minutes from a major interstate and under a half hour from the Massachusetts border. Located on a large flat parcel. Property could lend itself to a number of different uses beyond just a restaurant and function center.
2021 Estimated Sellers Discretionary Earnings: $505,078
- Asking Price: $2,718,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. Nevertheless, the real factor and the one they tell you might be 2 totally different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or a range of other factors. This is why it is very essential that you not depend entirely on a vendor's word, yet rather, use the vendor's solution along with your general due diligence. This will paint a much more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that revenue margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new customers? Many times, businesses have repeat clients, which develop the core of their everyday earnings. Certain factors such as new competition sprouting up around the area, road construction, and staff turn over can impact repeat customers and negatively affect future profits. One important point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the possibility to build a returning client base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the regional typical family income influence future revenue potential?