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.

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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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