-- Maine: The Way Life Should Be! --

Highly Profitable Restaurant Business + R/estate

This highly profitable restaurant business has been serving loyal customers since 1989! This niche business offers a new owner a TURN-KEY business that enjoys a predictable revenue stream, an efficient operating system in-place, produces amazing profits, and has plenty of room for growth. Annual Revenues approximate $1.5 Million, annual Cash Flow exceeds $400,000.

After 29+ years of operations, the owners wish to sell their restaurant business to new ownership that will care for the customers and community in the same way it has since 1989.

Seller financing available for qualified buyers

Industry:  Food and Beverage
Industry Segment:  Restaurants
Geography:  United States > Maine
Asking Price:  $1,475,000
Gross Revenue:  $1,490,000
Cash Flow:  $389,000
Value of Inventory:  $15,000
Value of Equipment:  $80,000 (Included in Asking Price)
Value of Real Estate:  $475,000 (Included in Asking Price)
Seller Financing:  available for qualified buyers
Year Established:  1989
Number of Employees:  5 f/t, many p/t
Mgmt. Training/Support:  This is a turn-key business, with excellent operating systems and an efficient organization in place for a new owner. The Sellers will provide all the training and transition assistance necessary for a successful transfer of ownership.
Reason For Selling:  Retirement
Facilities:  This popular restaurant owns & operates out of a highly visible, well-known location in Coastal, Southern Maine. The restaurant is known for its welcoming, friendly and family feel with great visual appeal. The restaurant is ideally located on highly-traveled road that allows easy in-and-out access. Ample, free parking is available.
Market Outlook/Competition:  This Coastal Southern Maine restaurant offers take-out or dine-in options, including an outdoor patio. This family-friendly restaurant is a year-round business. After 28+ years of ownership, the owners wish to sell their business to someone who will care for the customers and community in the same way it has since 1989.
Name:  Stephen A. Strand, CPA
Email:  sstrand@cbbofmaine.com
Phone:  207-838-3118