Financials
Asking Price: $995,000
     Included in the Asking Price:
     Furniture, Fixtures & Equipment: $65,000
     Inventory: $5,000
     Real Estate: $600,000
Gross Sales: $1,000,000
Cash Flow: $175,000+ $60K as rent = $235,000

Summary Description
This seasonal restaurant has an outstanding scenic location on the Maine coast. It is ideally situated on a busy highway
near ocean and beach. The menu is a unique blend of recipes that keep
customers coming back. An experienced chef will have no difficulty replicating
the cuisine if desired. The restaurant has a superb wine list. The food and
beverage prices are moderate and competitive. The real estate, price at
$600,000, is included in the offering.

General Information
Year Established: 1929
Employees: 6 FT & 13 PT
Facilities: This 150-seat restaurant is ideally situated near a sandy beach with
ocean and island views. The building and facilities are in superb condition. The
kitchen was completely renovated in 2002. The large parking area is paved and
well-lit. The property, included in the offering, is about 3/4 of an acre with
significant road frontage.

Market Outlook
Competition & Market: 
Customers include local residents, tourists and travelers. Most customers are affluent
and enjoy the dining atmosphere, quality of service and superior food. The company’s
current marketing efforts are very low key and could easily be expanded.

Growth & Expansion: 
There is an opportunity for significant sales growth. In addition to an expanded
marketing plan, there are several growth avenues that a new owner could take such
as expanding both the hours and the season. The current owner has intentionally
chosen to limit hours and season.

About the Sale
Financing:
     Anticipated Owner Financing on Business: $200,000
     Anticipated Bank Financing on Real Estate: $450,000
Support/Training: The seller will assist a new owner during the transition period
and be available under a consulting fee arrangement for a longer time if desired.
Reason Selling: Retirement

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

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