||Employees||3 full, 9 part
* Included in Asking Price
Woodpecker's Pub & Eatery had been in existence since 2011, created by the current owner. It operated as an LLC. The real estate is owned by the owner of the business, under a separate LLC. The restaurant is located in the heart of New Hampshire's White Mountains region, less than a mile from Interstate 93, on the way to Waterville Valley.
This full service restaurant, bar, and game room closed to the public recently but still occupies approximately 6000 square feet and is in excellent condition after being completely remodeled since the current owner purchased the building in 2011. The restaurant catered to locals from Campton, Plymouth, Thornton, Lincoln-Woodstock, Ashland and other neighboring communities, including pool players from all over the area, drawn to the restaurant by its frequent tournaments. Woodpecker's also enjoyed a strong repeat clientele of White Mountains visitors, skiers, hockey families, and second home owners, many of whom traveled and stayed along the I93 corridor and in Waterville Valley.
The restaurant was a very popular destination for locals and visitors alike as it prided itself on serving homemade food made from fresh and local ingredients in a comfortable neighborhood gathering place environment. Woodpecker's was supported by locals four months of the year, and by both locals and visitors for the remaining eight months of the year. In the last few years, under new management, the restaurant had experienced a very positive upwards income trend, but due to ownership and management health reasons, the restaurant was forced to close.
The restaurant's asking price reflects the value of the furniture, fixtures, and equipment included in the sale, as well as the availability of minimum inventory, favorable lease terms, and remaining goodwill.
|Competition:||The White Mountains region is a service based economy, primarily catering to visitors who want to enjoy the outdoor life throughout the year, and locals who cater to the visitors. There are many lodging properties and restaurants in the area competing for visitor dollars, so each business needs to develop a niche in addition to general offerings. Woodpecker's had created its niche in catering to families with its family friendly menu and game room facility. It also served an adult audience with its large bar and pool tables, and live weekly entertainment.|
|Growth Potential:||This business needs to be run by an owner-operator(s) who are experienced restaurateurs. The basic premise of what had been created had been done well and income had been growing incrementally over the last three years, but it needs to be fine-tuned by professionals who know the industry so that costs can be contained, hours can be extended (high demand for breakfast on weekends), and successful marketing can be maximized.
The current owner believes that more direct marketing to hockey groups, construction workers, skiers, golfers, hikers, fall bus tours, and locals will impact revenues even more than what has been accomplished over the last few years.|
|Seller Financing:||Seller is willing to finance a qualified buyer with a substantial down payment.|
|Sale Reason:||The current owner is dealing with health issues and wants to move on.|
Seller Reference #NEWHAMP001-N10
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