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

Iconic Restaurant & R/estate

Iconic restaurant and building on a historic main street has been serving loyal and new customers with classic American cuisine since 1979. Restaurant and tavern. Real estate includes addt'l tenants that provide rental income to this overall business opportunity. And, significant Seller Financing ($300k) is available for qualified buyers.

Industry:  Food and Beverage
Industry Segment:  Restaurants
Geography:  United States > Maine
Asking Price:  $1,650,000
Gross Revenue:  $2,500,000
Cash Flow:  $670,000
Value of Inventory:  $25,000
Value of Equipment:  $125,000 (Included in Asking Price)
Value of Real Estate:  $800,000 (Included in Asking Price)
Seller Financing:  $300k/8%/20yr amortization
Year Established:  1979
Number of Employees:  12
Mgmt. Training/Support:  Turn-key operation with managers in-place. All training and transition as needed from Seller
Reason For Selling:  Retirement
Facilities:  Premier, well-known location. Historic brick-building includes restaurant, pub, rental units.
Market Outlook/Competition:  This long-standing restaurant & pub enjoys a loyal, steady customer base in this growing, popular coastal Maine city.
Name:  Stephen A. Strand, CPA
Email:  sstrand@cbbofmaine.com
Phone:  207-838-3118