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
Number of Employees:
Building Sq. Ft.:
Premier, well-known location. Historic building includes restaurant, pub, rental units.
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.
Strong organization/management in-place. Owner transition as needed.
Negotiable and willing
Ad Detail Views:
Asking Price: $2,000,000 Gross Revenue: $2,500,000Cash Flow: $673,000EBITDA: $673,000Inventory: $25,000 not included in asking priceFF&E: $100,000 included in asking priceReal Estate: $800,000 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.
Restaurant & R/estate- Absentee Ownership, BIG Cash Flow!
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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
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