Highly Successful and Well Managed Restaurant Opportunity

Woodsville, NH
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Asking Price:$995,000
Gross Revenue:$883,793
Real Estate:$525,000
Cash Flow:$323,128
FF&E:$50,000
Established Year:2008
BUSINESS DESCRIPTION

Popular Eatery in Northern New Hampshire

Shilohs Restaurant has been a mainstay in the Woodsville/Haverhill, NH area for over 15 years. This is successfully run business offering breakfast, lunch and dinner with classic American fare. The owners pride themselves in providing fresh, homemade breads, soups, salads, etc. and have many repeat diners as well as tourist visitors. Inside youll find two dining areas with tables and booths with tasteful electric fireplaces in each to provide the right ambiance on cold, damp days. The restaurant is allowed a seating capacity of 110. The kitchen is extensive and exceptionally well maintained and clean. The lower level is currently used for storage and office space but could easily accommodate an expansion to allow for small functions. The owners have had a fairly extensive catering arm of the restaurant but have scaled back on that since Covid but they continue to receive requests so it could easily be brought back up to speed. Did we talk about location? The property is located at a busy, well traveled, lighted intersection. This business is very successful, well run and primed for the next person to easily step in to taking it to the next level.


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Woodsville, NH
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,569
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The building was constructed in 1988 with improvements made after the current owners purchased the real estate and business in 2008. The facility is clean and well kept by the owners. The staffing includes full and part time employees totaling 8-10 people depending on the season. This is in addition to the two owners.
Competition
Shiloh's has been operating successfully since 2008 and offers a wide menu selection for breakfast, lunch and dinner. It is located at a busy, lighted intersection and seconds to the entrance to a Super Walmart. Routes 10 and 302 are well traveled and so the restaurant welcomes tourists as well as locals heading to/from various vacation areas or just going about their normal day and need a "treat".
Growth & Expansion
The current owners had a fairly extensive catering business that had to be scaled back during Covid. While they still do some catering a new owner could easily expand this area. Also, the lower level is currently used for storage but the layout would easily accommodate small functions/private parties. There is a separate access door to this area from the parking lot.
Financing
Sellers may consider some Seller Financing for a well qualified buyer after sharing P
Support & Training
Owners are willing to provide transitional services up to 40 hours during the two weeks following the closing at no additional cost. Any additional services will be at the convenience of the Sellers with terms set out and agreed to by the parties.
Reason for Selling
Owners pursuing other interests
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Mary M Doherty
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Mary M Doherty