Description

Wonderful opportunity to open your own restaurant and invest in real estate in downtown Portsmouth, NH. Portsmouth is one of the hottest small cities in the country with a thriving downtown dining, shopping and arts scene, lots of new commercial and residential development and an active tourist destination.
During peaks seasons, it's not easy to get a table at a local restaurant. Many of the current restaurants downtown have been in existence for years and their sales have only grown with the town's popularity. There is plenty of room for a new player, with a strong vision and quality food.
Only two years ago this restaurant underwent a $600,000 renovation. The interior is in mint condition and a new owner could get up and running in few weeks. It is on one of the best blocks in the town surrounded by great restaurants, shops, entertainment venues and several hotels.
As of July 2013, the real estate is valued on town books for over $1 million. The real estate market has been really strong in Portsmouth. A terrific investment.
Restaurant and Property is being offered without anything in it for $1.1 Million or $1.3 Million with everything (over $600K in leasehold, equipment etc. - all of which is in mint condition). Negotiable!

Financial Summary

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