Portland Old Port Bar & Lounge
Under Contract
Financials
Asking Price of business :$325,000Included In Asking Price :Furniture, Fixtures & Equipment: $25,000. Inventory $1,000
Annual Sales :$750,000 Cash Flow :$120,000
Summary Description
This Portland area bar and lounge has been a mainstay in the restaurant scene. Consistent year-over-year performance with a loyal customer base makes this business a proven success.
General Information
Year Established :2012Employees :10 PT
Facilities :The space occupies about 1,500 square feet with seats for 40, kitchen and food prep areas, and ample storage.
Business Location :Portland
Market Outlook
Competition & Market :
Portland Maine is known for its vibrant restaurant and bar scene. The area enjoys strong year round business with locals, summer visitors and foodie tourists!
Growth & Expansion :
With full-time active ownership, the business can expand the number of days open and hours of operation. There is an opportunity to adjust the menu and expand the food offering.
About the Sale
Financing :Anticipated Bank 25,000. Down Payment 25,000. Working Capital Needed 5,000
Support/Training : Owner will train as needed.Reason for Sale : Retirement
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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