This White Mountains, New Hampshire restaurant is all about creating memorable experiences with fresh, made-to-order Italian cuisine, with a strong emphasis on seafood and generous portions. The owners have been deeply involved in every aspect of the business, from developing new menu items and maintaining high food quality to building relationships with their guests and staff. Their goal has always been simple: to serve exceptional food, provide outstanding hospitality, and create an experience that keeps people coming back year after year. They are very proud of what they consider their greatest achievement, building such a loyal customer base. The restaurant is very fortunate to have many repeat guests who visit them every ski season and summer, along with local residents who regularly recommend the experience to their friends and family. Much of their growth has come through word-of-mouth, online reviews, and consistently delivering a high-quality dining experience. They have established a business model that can be seamlessly transitioned to a new owner who can take the restaurant to the next level. They will have significant opportunities to build upon this success and continue growing revenues while maintaining the restaurant’s unique concept and reputation for quality.
Financial Information
$275,000
Asking Price
$123,570
Cash Flow
$596,391
Gross Revenue
N/A
Down Payment
N/A
Adjusted EBITDA
Business Location
City:
Confidential
State:New Hampshire
Reason for Sale
The current owners are looking to semi-retire, possibly relocate, and spend more time with other business opportunities that they are involved with.
Detailed information
Year Established:2019
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 1
Part-Time Employees:5
Contractors:N/A
Owner Worked Hours/w:40
Inventory Included: No
Inventory Value:
$15,000
Monthly Rent:
$2,063
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 4800
FF&E Included?: Yes
FF&E Value: $50,000
Training/Support
The current owners are happy to work through the transition and will train a new buyer at no charge for up to two weeks after closing and will negotiate a longer consulting/employment agreement depending upon the needs of the buyer. The sellers are also willing to sign a non-compete agreement for this style of restaurant, as negotiated with the buyer.
Facilities
The physical condition of the restaurant itself is very good, and its furniture, fixtures, and equipment were purchased new and are well maintained and turn-key with the leasehold improvements completed by the sellers. The space is completely functional for the purposes of this business and attractive to restaurant customers.
Market Outlook/Competition
Although there are multiple dining opportunities in the restaurants marketplace serving thousands of visitors and locals, this establishment is unique in that everything is made to order, portions are larger, resulting in classic Italian cuisine served in a unique way. Their brand has been tested over time in other locations and has taken hold in the White Mountains of New Hampshire.
Real Estate Description
The total area of the leased space is approximately 2800 square feet, which includes a kitchen, dining room, bar area, balcony seating, storage areas, and restrooms. Total seating in the dining areas and bar is 64. There is ample on-site parking.
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