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Turnkey restaurant with exceptional brand recognition for 33 years

Bedford, NH
Asking Price:$220,000
Inventory:$3,500
EBITDA:$132,339
Established Year:1988
Gross Revenue:$821,000
Rent:$3,900/Month
FF&E:$6,000
Listing ID: 2274459Listing provided by BizBuySell
BUSINESS DESCRIPTION

Facing State Route 101 with a 55,000-traffic pattern per day

Full-service restaurant serving Pizza, Sandwiches, Wraps, Salads, and Entrees. 42 seat dining room with live acoustic entertainment on weekends. Seven beer taps. In house delivery with take out. Special flat fee of $6.95 with DoorDash for any overflow. Plenty of parking. Delivery area includes Bedford, Amherst, and parts of Merrimack. Newly renovated menu, on-line ordering and website with rewards program. Restaurant totally renovated, inside and out, in 2017.

DETAILED INFORMATION
Location
Bedford, NH
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,660
Lease Expiration
01/02/2025
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Brand new dining room mini split and hot water heater. Kitchen equipment under 5 years includes conveyor pizza oven, stove top with oven, flat top grill with chef table, both pizza and sandwich prep tables. Two Norlake 8 X 7 walk-ins. Three freezers one stand alone and two coffin styles. 60 Quart Hobart mixer. 300 lb Manitowoc ice machine. Seating for 42 with tables, chairs and booths. New version 8.2 Thrive POS with 4 stations and 5 Epson printers. $32,000 reserve with NHES. Current lease expires in February 2025.
Competition
Two Pizzeria's within 3-mile radius; only one with in-house delivery, none with table service and none with beer and wine sales. The other pizzerias are located in the center of town with challenging egress to the parking lots. We are located outside township with high visibility and heavy passing traffic with easy in and out. Three more competitors in same radius but are full service upscale casual concepts.
Growth & Expansion
Dining room has been closed since 2020 due to Covid. We are reopening in 2024. Adding dining, beer and wine sales should move us from 821K last year to 900K. Million-dollar top line sales are attainable with aggressive social media, rewards program and print marketing. Current management and ownership have been in place for 14 years and we are looking for a new approach.
Support & Training
2 weeks of on-site good will.
Reason for Selling
Retirement
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Tim Bellingham
Phone Number
Tim Bellingham
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