This highly profitable restaurant business has been serving loyal customers since 1989! This niche business offers a new owner a TURN-KEY business that enjoys a predictable revenue stream, an efficient operating system in-place, produces amazing profits, and has plenty of room for growth. Annual Revenues approximate $1.5 Million, annual Cash Flow exceeds $400,000.
After 29+ years of operations, the owners wish to sell their restaurant business to new ownership that will care for the customers and community in the same way it has since 1989.
Seller financing available for qualified buyers
About the Business
Number of Employees:
5 f/t, many p/t
This popular restaurant owns & operates out of a highly visible, well-known location in Coastal, Southern Maine. The restaurant is known for its welcoming, friendly and family feel with great visual appeal. The restaurant is ideally located on highly-traveled road that allows easy in-and-out access. Ample, free parking is available.
This Coastal Southern Maine restaurant offers take-out or dine-in options, including an outdoor patio. This family-friendly restaurant is a year-round business.
After 28+ years of ownership, the owners wish to sell their business to someone who will care for the customers and community in the same way it has since 1989.
Growth & Expansion:
There are numerous ways to successfully grow this already-highly-profitable restaurant, including: Adding breakfast, extending hours, E-commerce, consistent marketing
This is a turn-key business, with excellent operating systems and an efficient organization in place for a new owner.
The Sellers will provide all the training and transition assistance necessary for a successful transfer of ownership.
available for qualified buyers
Ad Detail Views:
Asking Price: $1,475,000 Gross Revenue: $1,490,000Cash Flow: $389,000EBITDA: $389,000Inventory: $15,000 not included in asking priceFF&E: $80,000 included in asking priceReal Estate: $475,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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 & Conditions.