30 year old Iconic Family Restaurant with Property In Maine
Business Description
HS Listing ID-71641
Asking Price: $2,495,000
Restaurant Cash Flow (SDE): ~$320,000
Apartments Rentals add $54k of Income
Another 34k annually to follow on top once the vacant offices are rented.
Rare opportunity to acquire a 30+ year established restaurant along with the underlying mixed-use commercial real estate in Oxford County, Maine. The property contain a restaurant, 3 apartment units, and a commercial office space with 6 individual office rentals.
The restaurant business portion is valued at approximately $900,000 and generates an impressive Seller’s Discretionary Earnings (SDE) of approximately $320,000 annually. The remaining value is supported by the income-producing real estate and rental components.
Highlights:
30+ years of successful operation
Prime location
Mixed use buildings contain a restaurant, 3 apartment units, and a commercial office space with 6 individual office rentals.
Strong annual SDE of approximately $320,000
Real estate included in sale
Multiple revenue streams from business and tenants
SBA financing available
Pre-approved SBA lender program with as little as 10% down for qualified buyers
Seller willing to remain for up to one year or longer, subject to mutually agreed terms, ensuring a smooth transition and continued success
This opportunity is ideal for an owner-operator, investor, or hospitality group seeking a profitable, turnkey business backed by valuable income-producing real estate.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Asking Price: $2,495,000
Restaurant Cash Flow (SDE): ~$320,000
Apartments Rentals add $54k of Income
Another 34k annually to follow on top once the vacant offices are rented.
Rare opportunity to acquire a 30+ year established restaurant along with the underlying mixed-use commercial real estate in Oxford County, Maine. The property contain a restaurant, 3 apartment units, and a commercial office space with 6 individual office rentals.
The restaurant business portion is valued at approximately $900,000 and generates an impressive Seller’s Discretionary Earnings (SDE) of approximately $320,000 annually. The remaining value is supported by the income-producing real estate and rental components.
Highlights:
30+ years of successful operation
Prime location
Mixed use buildings contain a restaurant, 3 apartment units, and a commercial office space with 6 individual office rentals.
Strong annual SDE of approximately $320,000
Real estate included in sale
Multiple revenue streams from business and tenants
SBA financing available
Pre-approved SBA lender program with as little as 10% down for qualified buyers
Seller willing to remain for up to one year or longer, subject to mutually agreed terms, ensuring a smooth transition and continued success
This opportunity is ideal for an owner-operator, investor, or hospitality group seeking a profitable, turnkey business backed by valuable income-producing real estate.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
- Financing Options
- Pre-approved SBA lender program with as little as 10% down for qualified buyers
Listing Info
- ID
- 2517495
- Listing Views
- 53
Listing ID: 2517495 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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