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Highly Profitable Restaurant Business + R/estate

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York Co., ME   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale   |  Businesses for Sale Between $1M and $5M

Business Description

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

Year Established:
1989
Number of Employees:
5 f/t, many p/t
Real Estate:
Owned
Facilities:
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.
Market Outlook/
Competition:
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
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About the Sale

Reason For Selling:
Retirement
Training/Support:
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.
Seller Financing:
available for qualified buyers

Listing Info

ID:
1335025
Ad Detail Views:
312
Asking Price:
$1,475,000

Gross Revenue:
$1,490,000
Cash Flow:
$389,000
EBITDA:
$389,000
Inventory:
$15,000
not included in asking price

FF&E:
$80,000
included in asking price

Real Estate:
$475,000
included in asking price

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Business Listed by

Stephen A. Strand, CPA

Certified Business Brokers of Maine

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U.S. Census Data for York County, ME
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for York County, ME
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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