Mid-Coast Maine Restaurant

Financials

Asking Price of business :$225,000
Included In Asking Price :Furniture, Fixtures & Equipment: $80,000
Inventory :$5,000
Annual Sales :$750,000
Cash Flow :$140,000

Summary Description

This 75-seat restaurant offers casual dining in the desirable mid-coast Maine area. Chef owned and operated, the restaurant has an excellent reputation and is an integral part of the community. 

General Information

Year Established :2004
Employees :4 FT / 12 PT
Facilities :High visibility downtown location with both street parking and parking lot. The space has a bar area with seating, a separate dining area and private space for special events. The space has an open kitchen.
Business Location :Mid-Coast Maine

Market Outlook

Competition & Market :

The business has a long term competitive lease in a strong market with very little available space. An affluent community with several major employers along with a strong tourist season provides year-round customers.

Growth & Expansion :

The business has experienced strong growth and it’s expected that growth will continue.

About the Sale

Financing :

Seller/Bank $125K. Working Capital Needed $25K. Inventory Purchase $5K

Support/Training : Seller will provide transition training and consulting.
Reason for Sale : Seller is looking to relocate.

Contact Information

Brian D. Hanson
Maine Business Brokers
Phone: 207-775-1957 x 108
Email: .(JavaScript must be enabled to view this email address)

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