Catylist ID:
#30794315
Midcoast Restaurant with Decades of Success
Undisclosed Address, Maine
Business Opportunity
for Sale
| Catylist Listing ID: | 30794315 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | See Agent |
| Sale Price: | $3,995,000 |
| Gross Revenue: | $2,455,188 (Annual) |
| Cash Flow: | $574,916 (Annual) |
| Last Updated: | 11/28/2023 |
Overview / Comments
|
Well-established Midcoast restaurant located in a popular high traffic tourist area. The restaurant specializes in fresh seafood complimented by great steak in a fun atmosphere including gorgeous views of the Maine coast. Customers come from all over the world, but the owner makes a concerted effort to cater to the locals. The hardworking, dedicated employees are treated like family and come back year after year, contributing to the restaurant's longtime success. |
Additional Details
| Industry Segment: | Restaurants |
| Reason for Selling: | Retiring |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $187,300 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $3,292,000 |
| Employee/Labor Description: | 24 FT /3 PT plus full-time owner |
| Mgmt/Training Support Description: | Seller is willing to work with the new owners in order to show them everything they need to succeed. |
| Competition/Market Description: | The business began offering online ordering in addition to dine-in service in 2021. This proved to be successful. There are other restaurants in the area that serve seafood, but none do it on the scale that this restaurant does. |
| Growth/Expansion Opportunities: | Growing the restaurant’s Instagram account could potentially reach a new segment of potential customers, as could increasing advertising to a wider demographic. |
Contact
Kirk A ButterfieldMagnusson Balfour/KW Commercial a div. of Keller Williams RealtyNECPE Member 
Craig S. ChurchMagnusson Balfour/KW Commercial a div. of Keller Williams RealtyNECPE Member |
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