Highly Successful and Well Managed Restaurant Opportunity

Asking Price$995,000

Cash Flow
$323,128
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$883,793

InventoryNot Disclosed

FF&E$50,000
Included in asking price
Real Estate$525,000
Included in asking price
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Highly Successful and Well Managed Restaurant Opportunity


Asking Price$995,000

Cash Flow
$323,128
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$883,793

InventoryNot Disclosed

FF&E$50,000
Included in asking price
Real Estate$525,000
Included in asking price
Business Description
At Shiloh's, you can enjoy breakfast, lunch or dinner in a casual atmostphere wi
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.
About the Business
Years in Operation
17
Facilities & Assets
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.
Website
https://www.shilohsrestaurant.net/
Market Outlook / 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".
Opportunities for Growth
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.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
4,569
About the Sale
Seller Motivation
Owners pursuing other interests
Transition Support
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.
Financing Options
Sellers may consider some Seller Financing for a well qualified buyer after sharing P
Listing Info
ID
2208052
Listing Views
1364
Attached DocumentsAttachment Disclaimer

NECPE.pdf


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Business Listed by: Andrew Smith Badger Peabody & Smith Realty

Listing ID: 2208052 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.