Novel Book Bar & Cafe
Share on Facebook 
Post to X 
Share on LinkedIn 
Share on Reddit Business Description
When we describe the business the first thing people say is "that's my dream," to run a bookstore that serves coffee and cocktails plus has the ability to host live music/events!? Winning best new bar of 2024 with an Instagram following over 13.7k Novel is an ideal opportunity for someone(s) that wants to capitalize on the momentum. The difficult work of going through all of the issues of the build out, licensing, permitting, liquor license is done. The business has consistently gotten 700k in sales every year even with several of the sections not being utilized. There is a fully functioning staff with a management layer. Novel is currently struggling with profitability due to a high interest loan and underutilization of all of it's square footage. An instant way for profitability would be someone managing the day to day. Outside of that, there are a large number of growth avenues.
About the Business
- Years in Operation
- 4
- Employees
- 13 (6 Full-time, 5 Part-time, 2 Contractors)
There is a full time manager with a 50k salary - Facilities & Assets
- Fully electric coffee roaster, custom built book shelves, copper bar w/ stainless steel bartender stations, several freezers, fridges & ice makers, live edge tables (made from purple heart), chairs, stage & sound equipment, parking for employees (5 spots), amicable landlord w/ 2.5 years left on lease
- Website
- https://www.novelmaine.com/
- Market Outlook / Competition
- Prime location - one block away from the State Theatre, lots of foot traffic. This is a unique business that offers cafe, bar, literary offerings and events with an upscale feel all in one place. There are no other locations that match this offering. There are bars in the area and some cafes in the area. One or two offer coffee & bar services however none have that plus events & book purchases. We also have a much larger capacity at over 3900 sq ft - most other venues are less than half that.
- Opportunities for Growth
- 1) Coffee expansion - currently only servicing it's own location. A coffee subscription, wholesale, white label coffee and/or supplying restaurants/other cafes /retail locations
2) Kitchen - There are no real kitchen functions as of right now so the kitchen is untapped. A bakery or other restaurant experience could thrive
3) Conference Room - there is an unfinished room that could be turned into a conference room
4) Outdoor space - there is an outdoor 40x40sqft that is useable that isn't being utilized
5) Events - Going after corporate rental events
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,909
- Rent
- $7,000.00 per month
- Lease Expiration
- 7/29/2027
About the Sale
- Seller Motivation
- Family reasons and we know it's underperforming due to lack of experience / addi
- Transition Support
- Happy to provide handoff for employees, manager and systems in place. Will train coffee roasting. Full training on all systems (bar inventory management, social media, event acquisitions, financials, POS, etc.). Available for ongoing questions.
- Financing Options
- We would consider seller financing with down payment and balloon pay off
Listing Info
- ID
- 2454633
- Listing Views
- 14
Attached DocumentsAttachment Disclaimer
Novell - License for Outdoor Area.docx.pdf
Business Location
Listing ID: 2454633 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.
Businesses for SaleMaine Businesses for SaleMaine Food & Beverage Businesses for SaleMaine Bars & Taverns Businesses for Sale
Similar Listings
