TURN-KEY ROUTE 101 RESTAURANT PROPERTY For Sale

Business Opportunity for Sale
Also listed as Hospitality
Catylist Listing ID: 30287312
Property Subtypes: Food and Beverage
Building Size (RSF): 3,885 SF
Gross Land Area: 0.70 Acres
Sale Price: $339,900
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Living Accomodations: Yes
Last Updated: 4/24/2019

Overview / Comments

TURNKEY RESTAURANT PROPERTY OPPORTUNITY for someone who wants a turn-key business ready to go. This fully equipped restaurant property includes land, building, furniture, fixtures and equipment. Located along year-round traffic Route 101 between Milford and Peterborough. Incredible visibility from both directions. Business could be expanded into dinners and beer/wine or liquor for lots of increased potential.

All improvements have been completed including two new bathrooms, new dining room floor and ceiling, new structural supports, new barstools and counter, new exterior doors, new plumbing in kitchen, new hot water tank (75 gallons), new and up to code propane gas lines, new fiber/reinforced paneled walls in kitchen, and many more updates. Most equipment in excellent working order and in good shape. New Ice cream walk-up counter with all newly replaced equipment. 38 dining seats and 17 bar seats inside for a total of 55.

Property consists of the first floor restaurant, dining area, counter area, ice cream area, full kitchen, prep/baking area, dry storage room and dead storage room. One working walk-in freezer. Second floor is a rented 2-bedroom apartment but could be used for owners quarters. Tenant is a long term tenant that is month-to-month.

Outside, there are five 10 foot picnic tables with 8-10 seats each with some addition seating along the front of the building potentially. There are 17 parkings spaces with an additional 6 more that could be squeezed in.

About 10,000 vehicles per day on average travel past this great location. 400 amp single phase with two main panels and one sub panel. Electric is considered adequate for current load and use.

Property, furniture, fixtures and equipment are for sale, no cash flow is included in value. This is literally turn-key!!

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,374 3,677 6,323
Median Age: 44.18 42.12 42.69
Households: 905 1,418 2,450
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.