Restaurant & R/estate- Absentee Ownership, BIG Cash Flow!

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Business Description

Since 1979, this long-standing, historic restaurant and building on a historic main street has been serving loyal and new customers with classic American cuisine. The current ownership is mostly absentee, so there is a solid organization in place for a new owner. Addt'l tenants provide rental income to this overall business opportunity. And, significant Seller Financing is available for qualified buyers. Once-in-a-lifetime-opportunity!!

About the Business

Location:
Bath, Maine
Year Established:
1979
Number of Employees:
12
Real Estate:
Owned
Building Sq. Ft.:
10,800
Facilities:
Premier, well-known location. Historic building includes restaurant, pub, rental units.
Market Outlook/
Competition:
Steady business = Big Cash Flow!
Growth & Expansion:
Business has been BOOMING! Lot of repeat, loyal customers as well as visitors to this beautiful and active mid-coast Maine town.
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About the Sale

Reason For Selling:
retirement
Training/Support:
Strong organization/management in-place. Owner transition as needed.
Seller Financing:
Negotiable and willing

Listing Info

ID:
1566535
Ad Detail Views:
111
Asking Price:
$2,000,000

Gross Revenue:
$2,500,000
Cash Flow:
$673,000
EBITDA:
$673,000
Inventory:
$25,000
not included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
$800,000
included in asking price

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Business Listed by

Stephen A. Strand, CPA

Certified Business Brokers of Maine

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