Financials
Asking Price: $489,000
Included in the Asking Price:
     Furniture, Fixtures & Equipment: $100,000
     Inventory: $25,000
Gross Sales: $1,400,000
Cash Flow: $225,000

Summary Description
Located at a key intersection, this restaurant draws customers year
round.  The large airy dining area features expansive windows in a well-lit
and comfortable environment.  A separate bar area allows for a more
relaxed atmosphere and festive crowd. The 6,000 square foot restaurant
easily seats 150 people with several distinct areas that can accommodate
private parties. Excellent signage and ample parking make the restaurant a
local favorite and a destination for tourists in the summer months.

General Information
Year Established: 2000
Employees: 6 FT 15 PT
Facilities: The newly renovated 6,000-square-foot restaurant has seating
for 150 people, a separate lounge/bar, and updated kitchen. The attractive
building has benefited from regular maintenance, upgrades and renovations.
The corner location has access from both streets with ample parking. The
business has an assumable long term lease at market rates.

Market Outlook
Competition & Market: 
The business is located in a southern Maine town that is also a popular
summer tourist destination. The restaurant’s prime location, size and price
point make it a dominant player in the local hospitality market. Its casual
dining atmosphere and broad menu made it an appealing choice for a wide
variety of customers.

Growth & Expansion: 
The business has exceptional growth potential. The addition of a year-
round outdoor patio and a focus on special events and banquets can
increase revenue substantially. The growing popularity of the lounge is
increasing beverage sales and profitability. Its reasonable price points
make it less vulnerable to market downturns.

About the Sale
Anticipated Bank Financing: $289,000
Support/Training: Will be provided as needed.
Reason Selling: The seller is planning to relocate out of state.

Contact Information
Lee Edwards
Maine Business Brokers
Phone: 207-775-1957
Email: Lee@MaineBusinessBrokers.com

Before we can provide you with more information about our listings we need your agreement to confidentiality and your registration with us as a potential buyer. If you are not yet registered with us, please follow the link below to the Registration page. If you are already registered with us, follow the link to the inquiry page or contact the broker with whom you have been working.