Indulgent Coastal Restaurant for Sale

Undisclosed Address, Maine
Business Opportunity for Sale
Catylist Listing ID: 30868662
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $2,800,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 7/5/2024

Overview / Comments

An upscale restaurant serving brunch and dinner during off-season and lunch, brunch, and dinner in-season. Seats over 260 guests with both indoor and outdoor seating and beautiful oceanside views

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $292,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Employee/Labor Description: 17 full-time workers including the owner, up to 50 seasonal employees in-season.
Mgmt/Training Support Description: The owner wishes to see the buyer succeed and as such will be available to train during the transition
Growth/Expansion Opportunities: Expanding hours during the off-season and broadening the reach into local markets to draw year-round diners is an area of opportunity as is expanding their already successful wedding and events business through an established food station reception offering in which guests enjoy the privacy of the entire house, both indoor and outdoor. Food Stations accommodate up to 150 guests.
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