Bar & Restaurant for Sale - Southern Maine Seacoast! Amazing Price!!

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Turn-Key Restaurant in Great location - Only $75k for Assets & Favorable Lease!
Asking Price:
$75,000

Gross Revenue:
$920,024
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$35,000
included in asking price

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Business Description

Great opportunity to own a restaurant on the New England Seacoast at an amazing price! This is a turnkey business, set up to run without owner oversight. The large and spacious building has been well maintained and completely refurbished within the year. There is a large bar throughout the center of the space and a protected deck in the back of the restaurant for outdoor seating. The restaurant maintains an All Alcoholic Beverages License.

Seller must unload the business due to growing chain of in other areas of the country. He doesn't have time to deal with this one and ready to move on. Only $75,000 for everything!

About the Business

Location:
York, Maine
Real Estate:
Leased
Building Sq. Ft.:
3,450
Rent:
$5,500.00 Per Month
Lease Expiration:
3/1/2020
Facilities:
2,800 SF inside and 650 SF of deck space
Seating Capacity: 120 total seats inside and on the deck
Parking Spaces: Approximately 40 private parking spaces
Base Rent: $5,500.00
Market Outlook/
Competition:
The restaurant is well known and draws customers from many of the surrounding towns. It is in a high profile location with excellent street exposure. The area is known as a tourist destination while having a strong local clientele. There are several other restaurants nearby but this one is located on a main thoroughfare with great access.
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About the Sale

Reason For Selling:
Divestiture
Training/Support:
Seller is willing to assist in support and training.

Listing Info

ID:
1642330
Ad Detail Views:
0

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Business Listed by

Lisa Brown

First Street Business Brokers, LLC

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Sponsoring Broker:

Hank Beresin
First Street Business Brokers, LLC


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