NH Lakes Region and White Mountains Restaurant

Financial Information

  • Asking Price: $1,650,000
  • Gross Revenue: $1,894,520
  • Cash Flow: $482,186
  • Down Payment: NEGOTIABLE
  • FF&E (Included): $124,090
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Confidential
  • New Hampshire
Primary Business Category:

This NH Lakes Region/White Mountains restaurant has been in existence for over 30 years and has been operated by the current owners for the last 20+ years. The real estate is also owned by the sellers under a separate entity and is included in the sale. The restaurant is one of the most popular family barbecue restaurants in New England featuring award winning smoked ribs, pork, chicken, beef, BBQ sauce, BBQ beans, chili, and pizza. Dining is available in the dining room, pub, or large deck (in season). The restaurant is also known for its seafood, homemade soups, and great seasonal salads. All items are also available for take-out. Offered for sale is the business entity, including all tangible and intangible assets as well as the real estate. The building is in very good condition and fully functional as an established restaurant with ample parking. This lunch/dinner restaurant is a very popular destination for locals and visitors alike as it prides itself on serving some of the best homemade BBQ fare in New England served in a warm and comfortable environment. Loyalty of local families and businesses helps yield strong year-round numbers.

Competition Description

Although there are many dining options in the area which is part of the draw to the area, the restaurant has a niche market with its popular BBQ specialty offerings, with no real direct competition in the area. Their established history at the same location brings folks back from year to year resulting in very strong and consistently growing market share.

Growth / Expansion overview

The owners strongly believe that business volumes will be greatly impacted by a more visible social media presence if handled professionally. They also believe that by adding breakfast, a retail store, and a function facility, the bottom line would be positively impacted and will attract a whole new audience.

Support / Training Comments

The current owner is willing to stay on and train for two weeks after the transfer of the business at no charge, and may be available on a paid consultant basis should that be important to the buyer.

Financing Comments

The current owners are asking $1,650,000 total for the business. They are willing to provide limited terms to a qualified buyer based on the strength of the deal.

Reason For Sale
The current owners are looking to retire after many, many years in business.
  • Home Based: No
  • Year Established: 1982
  • Franchise: No
  • Year Acquired: 1999
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Liquor, Food Service, Assembly

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $775,000
  • Real Estate Asking: $775,000
  • Days Open: 7 days per week
  • Hours Open: 11:30am - 9:00pm
  • Fulltime Employees: 15
  • Part time Employees: 8
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: ON REQUEST
  • Building Size: 3500 sq ft
  • Seats: 144
  • Parking: Ample
  • Monthly Rent: N/A

Contact Business Broker

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Business Listed by

Sunbelt New Hampshire

Contact: Jay Polimeno
Office Phone: 603-745-9290
Mobile Phone: 603-348-7221
Listing ID: NEWHAMP001-N32

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