Midcoast Restaurant with Decades of Success
Undisclosed Address, Maine
Business Opportunity
for Sale
| Catylist Listing ID: |
30794315 |
| Property Subtypes: |
Food and Beverage
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| Building Size (RSF): |
See Agent
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| Sale Price: |
$3,995,000 |
| Gross Revenue: |
$2,455,188 (Annual) |
| Cash Flow: |
$574,916 (Annual) |
| Last Updated: |
4/10/2024 |
Overview / Comments
Well-established Midcoast restaurant located in a popular high traffic tourist area. The restaurant specializes in fresh seafood complimented by great steak in a fun atmosphere including gorgeous views of the Maine coast. Customers come from all over the world, but the owner makes a concerted effort to cater to the locals. The hardworking, dedicated employees are treated like family and come back year after year, contributing to the restaurant's longtime success.
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Additional Details
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Retiring |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$187,300 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$3,292,000 |
| Employee/Labor Description: |
24 FT /3 PT plus full-time owner |
| Mgmt/Training Support Description: |
Seller is willing to work with the new owners in order to show them everything they need to succeed.
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| Competition/Market Description: |
The business began offering online ordering in addition to dine-in service in 2021. This proved to be successful. There are other restaurants in the area that serve seafood, but none do it on the scale that this restaurant does.
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| Growth/Expansion Opportunities: |
Growing the restaurant’s Instagram account could potentially reach a new segment of potential customers, as could increasing advertising to a wider demographic.
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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