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Asking Price$298,500
Revenue$247,028 Established2012
Cash Flow$16,614 Employees2 full, 3 part
FF&E$50,000* FranchiseNo
Inventory$12,000 RelocatableNo
Real Estate$270,000* Home-basedNo
* Included in Asking Price
Asking price reduced by motivated seller!  This restaurant is a very popular destination for locals and visitors alike as it prides itself on serving homemade food made from fresh and local ingredients.  The atmosphere is as homey and comfortable as the food it serves.  Offered for sale is the business and real estate.  The building is in excellent condition after being completely remodeled in 2012.
For the right buyer, Sellers may also be amenable to selling the business itself for $60,000, and offer a $1500 per month lease for a term as negotiated.
This business opportunity caters to locals from Ashland, Plymouth, Campton, Thornton, and also has local regulars from as far south as Concord.  There is also a strong repeat clientele of White Mountains and Lakes area visitors and second home owners, many of whom travel and stay along the I93 corridor.

The restaurant industry in the Ashland area is almost year round, as it sits in the heart of New Hampshire's White Mountain and lakes region, a popular tourist destination year round.  When the tourists are here in large numbers (June through October and December through March, generally), the restaurant is very busy weekends and school vacation periods.  During the shoulder seasons (early spring and late fall) and winter midweek periods, restaurants in the valley have to appeal to their local clientele to thrive.
Competition:The restaurant is located directly off I93’s Exit 24, on Route 3 heading into downtown Ashland. The restaurant is very visible on Route 3, which is a direct route to the lakes region of New Hampshire. There are fast food style coffee restaurants in the area, but no full service breakfast/lunch restaurants in the general vicinity.
Growth Potential:This business needs to be run by an owner-operator(s) who are experienced restaurateurs. The basic premise of what has been created has been done well, but it needs to be fine-tuned by professionals who know the industry so that costs can be contained, hours can be extended, and successful marketing can be maximized. There is demand for breakfast and lunch hours to be extended hourly and also up to 7 days per week. Dinner could be offered Thursday through Saturday to accommodate visitors coming in to the lakes and mountains region. The building is set up with an ice cream window for “to go” service, for which there is a perceived need in the area. This could greatly impact revenues with relatively minimal associated expense.
Training/Support:Sellers will train new owners for up to two weeks and be available for support for as long as is reasonably needed.
Seller Financing:Minimal Seller Financing Available to Qualified Buyers.
Sale Reason:Seller has other business interests which have become a priority.
Ad #94805
Seller Reference #NEWHAMP001-N6
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Contact This Seller
Jay Polimeno
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