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.


Photograph of Listing Agent

Kirk A Butterfield

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