Busy York County Restaurant For Sale

Undisclosed Address, Maine
Business Opportunity for Sale
Catylist Listing ID: 30860332
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $1,650,000
Gross Revenue: $1,686,000 (Annual)
Cash Flow: $75,000 (Annual)
Last Updated: 2/29/2024

Overview / Comments

Popular restaurant in a high visibility location offering casual fine dining in a welcoming atmosphere. The current owners are committed to crafting dishes from scratch using quality ingredients and ensuring affordability aimed to cultivate repeat clientele. The business prides itself on consistency in food, drinks, and service provided by their incredible and loyal staff. Regular customers and tourists come from a 100-mile radius to enjoy what this restaurant has to offer. The offering also includes a residential unit that could be used as owner's or chef's quarters.




Additional Details

Industry Segment: Restaurants
Reason for Selling: Retiring
Value of Inventory Included ($): $28,000
Value of Furniture, Fixtures, and Equipment ($): $58,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $1,150,000
Employee/Labor Description: 11 FT / 23 PT
Mgmt/Training Support Description: 2 Weeks
Competition/Market Description: Positioned in a popular location, the business enjoys a unique vantage point with minimal competition from other area restaurants.
Growth/Expansion Opportunities: Expanding hours and hosting private events are both avenues of potential growth.

Contact

Photograph of Listing Agent

Kirk A Butterfield

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