MergerPlace

High Volume Seasonal Restaurant For Sale

Hampton Beach, New Hampshire (Rockingham)


  • Asking Price: $499,000
  • Gross Income: $868,181
  • Cash Flow: $161,726
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $300,000
  • Listing ID: #211165
  • Established: Not Disclosed
  • Employees:

Business Description

Great opportunity to own and operate a highly profitable and award winning seasonal restaurant in a fabulous location! This family-friendly restaurant has been treasured by locals for 25 years and has magnificent views of the beach and ocean. With a seating capacity of 154 customers, a festive atmosphere, excellent food, it is a favorite of many locals and tourist alike. It is a turnkey business with tenured management in place while only open six months a year. Annualize the sales and you are at over $1.7 Million with an Adjusted EBITDA of over $320,000.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Hampshire
Metropolitan Area: Hampton Beach
County: Rockingham

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $499,000
Gross Revenue: $868,181
Cash Flow: $161,726
EBITDA: $161,726
FF&E: $300,000
Seller Financing Available: No

Property Information

Facilities:

The business is located nearby major highways and has plenty of parking close by. The entire space is approximately 6000 square feet with about 4000 square feet for dining.

Growth & expansion opportunities:

There are many ways to increase the business of this already extremely popular restaurant. Extending service hours and opening the entire restaurant for breakfast, brunch, lunch and late night would significantly increase sales. Secondly, enhancing the take-out business and utilizing an on-line order system. Offering a grab-and-go retail option would likely be successful as customers could enjoy their favorite meals on the beach. Lastly, due to the popularity of the restaurant and ideal location, offering catering for events all over the seacoast – could make a dramatic impact. Currently, the business turns down almost all requests for catering.

Competition:

The business is very popular and draws customers from surrounding towns and tourists visiting the seacoast. There are other restaurants in the area but not many that are family-friendly, consistently deliver high quality food at a reasonable price along with an amazing ocean view from almost every seat.

Reason for selling:

Retirement

Support & Training:

Seller is willing to assist in support and training.

Contact Business Seller

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Business Listed By:

Hank Beresin

First Street Business Brokers