Forest Ave Restaurant For Sale
Business Opportunity
for Sale
| Catylist Listing ID: |
30855176 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
See Agent
|
| Sale Price: |
$120,000 |
| Gross Revenue: |
$0 (Annual) |
| Cash Flow: |
$0 (Annual) |
| Last Updated: |
9/15/2023 |
Overview / Comments
|
Family-run restaurant business with a lot of potential is ready for new owners! Excellent location, with great visibility on Forest Ave. New owners could quickly increase revenue by being open more days, longer hours (especially late night as there are very few restaurants open late in the area), adding delivery, and/or adding beer/wine/liquor license.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Industry Segment: |
Restaurants |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$120,000 |
| Real Estate Status: |
Leased |
| Value of Real Estate Included ($): |
$0 |
| Real Estate Lease Description: |
$2500/month NNN. Estimated CAMs $313/month. 33 months left on current lease and landlord is happy to set up a new lease afterwards with new tenant. |
| Employee/Labor Description: |
Mostly run by owners currently. |
| Mgmt/Training Support Description: |
Owners are happy to help train, share recipes, and support the buyer as much as needed. |
| Seller Financing Description: |
Willing to owner finance if necessary with a significant down-payment. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,628 |
80,181 |
122,406 |
| Median Age: |
38.89 |
37.45 |
39.13 |
| Households: |
6,052 |
36,930 |
54,525 |
|
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