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Absentee Ownership- Historic Restaurant & Pub

Big Cash Flow historic restaurant and pub in Mid-Coastalal Maine location. BIG Cash Flow of $569K on Revenues of $2.3M. Business and R/estate, with rental income, included. Long-time organization allows for absentee ownership (current owner mostly absentee). SIGNIFICANT Seller Financing available for qualified buyers.

Industry:  Food and Beverage
Industry Segment:  Restaurants
Geography:  United States > Maine > Bath
Asking Price:  $2,200,000
Gross Revenue:  $2,300,000
Cash Flow:  $569,000
Value of Inventory:  $20,000
Value of Equipment:  $75,000 (Included in Asking Price)
Value of Real Estate:  $775,000 (Included in Asking Price)
Seller Financing:  Negotiable for qualified buyers
Year Established:  1979
Number of Employees:  10
Mgmt. Training/Support:  Strong organization in place. All training and transition as needed for a successful ownership transition.
Reason For Selling:  Retirement
Facilities:  Historic building in prime location. Rental income included, with room for addt'l income.
Market Outlook/Competition:  Long-standing restaurant and pub in historic building and historic, growing city in Mid-Coast Maine. Ideal location.
Name:  Stephen A. Strand, CPA
Email:  sstrand@cbbofmaine.com
Phone:  207-838-3118