Listing ID: 78976
Tastefully fit-up upscale restaurant set in the heart of the “Capital City” Concord NH. This location has great visibility from a busy main street with inside & Outdoor Seating for 67 customers. Fit-Up is fully equipped with hood system & well maintained refrigeration & cooking equipment.
Current rent is $2,500 month with tenant paying metered electric, natural gas & proportionate share of city water & sewer. Space includes 1,300 Sq. Ft. of business space and an additional 1,000 Sq. Ft. of basement storage.
Complete FF&E List & Business Financials available upon signing of NDA.
Business, FF&E and Goodwill offered @ $150,000
- Asking Price: $150,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
1300 Sq. Ft., Dining area, Kitchen, Full Bar
Owner to focus on other business endeavors
Fills a popular niche untouched by other area restaurants
Increased Marketing and Social Media Exposure
The business was established in 2012, making the business 10 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. Nevertheless, the real reason and the one they say to you may be 2 completely different things. For instance, they may claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or a variety of other reasons. This is why it is really crucial that you not depend absolutely on a seller's word, however instead, make use of the vendor's solution combined with your overall due diligence. This will paint a much more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses finance loans in order to cover points like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that revenue margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new clients? Many times, operating businesses have repeat clients, which develop the core of their daily revenues. Specific variables such as brand-new competitors growing up around the location, roadway building, and personnel turnover can impact repeat customers and also negatively affect future revenues. One crucial thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the better the chance to construct a returning client base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the local typical house earnings effect future income potential?