Binga's Stadium - Furniture, Fixtures & Equipment

Business Opportunity for Sale
Catylist Listing ID: 30700685
Property Subtypes: Food and Beverage
Building Size (RSF): 17,000 SF
Sale Price: $85,000
In Opportunity Zone? Yes
Name of Establishment: Binga's Stadium Restaurant
Business Website Address: www.bingasstadium.com
Year Business Established: 2003
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Offered for sale are the assets of Furniture, Fixtures and Equipment (FF&E) of Binga’s Stadium Sports Bar & Restaurant.
Last Updated: 3/22/2021

Overview / Comments

Offered for sale are the assets of Furniture, Fixtures and Equipment (FF&E) of Binga’s Stadium Sports Bar & Restaurant. Binga’s Stadium Sports Bar & Restaurant is relocating within Portland, Maine. The business has been located in Portland Maine’s Downtown & Arts District for the last 18 years. At this location and with the build out of this facility Binga’s has been a part of the Greater Portland’s community that has been attending Portland’s various theaters, live sports and music venues along with patrons that want to go out to see a sporting event in a dining venue. The business is located directly across the street from the Cumberland County Civic Center which hosts various sporting events, live music, entertainment and trade shows. Furthermore, the business has always serviced the patrons attending venues at the Museum of Art, the monthly Art Walk, Merrill Auditorium and the State Theater.

The asset sale of the FF&E gives any restaurateur a great opportunity to purchase a turnkey sports bar and/or restaurant in Portland, Maine. The business includes a full commercial kitchen with an 18’ commercial hood system, commercial kitchen equipment, tables, chairs, POS system in addition to the buildout of the restaurant which includes a 90’ bar and bar back, handicapped bathrooms, sound system, security system, entire audio & video system, elevator, dumb waiter, lighting, downstairs night club/private party room and the backup systems to support the restaurant including cooking oil tanks, smoker and 4 walk in coolers. The business is located on 2 floors, consisting of 17,000+ sf. The property owner is willing to sign a long-term lease.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Industry Segment: Bars and Taverns
Reason for Selling: Relocating their business.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $85,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: $4.00/sf NNN for a rental rate for the space consisting of 17,000 sf. Property owner is willing to sign a long term lease.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,633 77,696 111,093
Median Age: 34.29 38.02 39.15
Households: 13,945 36,064 50,070

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