Popular York County Restaurant

Undisclosed Address, Maine
Business Opportunity for Sale
Catylist Listing ID: 30569220
Property Subtypes: Food and Beverage
Building Size (RSF): 11,749 SF
Sale Price: $2,150,000
Year Business Established: 2015
Gross Revenue: $1,306,978 (Annual)
Cash Flow: $120,337 (Annual)
Last Updated: 7/7/2020

Overview / Comments

Popular restaurant offering the complete pub dining experience, featuring burgers, pizza, steak and seafood – all menu items that are popular to the general public. Customers are primarily year-round residents and tourists from the local area. Due to its stellar reputation, 95% of business is repeat customers. This business offers a unique opportunity as it also includes additional buildings which can be used for either rental income, housing of staff and/or owner-occupied opportunities.

Attachments & Media

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $129,800
Value of Real Estate Included ($): $1,900,000
Real Estate Lease Description: 11,749+/- SF restaurant with function center, bar, and dining room, plus on-site duplex and SF single family residence.
Employee/Labor Description: 8 FT/23 PT
Competition/Market Description: There are several other restaurants in the vicinity, but there are plenty of diners, both locals and tourists, to go around. The restaurant sees consistently good reviews on its Trip Advisor page with customers speaking highly of the good food, large portion size, and nice atmosphere. This business has a lower employee turnover rate than industry average, however finding enough staff can still be difficult in the busy summer season.
Growth/Expansion Opportunities: Focus more effort on continuing to increase the banquet facility rather than rely on the seasonality of the tourism industry. Consider offering a delivery service. A new owner may look to further specialize or make a break-through with a certain food category and create a game-changing effect.

Contact

Photograph of Listing Agent

Kirk A Butterfield

Keller Williams Commercial
NECPE Member
Photograph of Listing Agent

Craig S. Church

Magnusson Balfour/KW Commercial a div. of Keller Williams Realty
NECPE Member
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