Restaurant and Wine Bar for Sale

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Asking Price:
$249,000

Gross Revenue:
$814,570
Cash Flow:
$172,177
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$11,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This restaurant features small plates and wine. Now, focusing on regionally specific Italian cuisine. The creativity of whimsical Mediterranean dishes and wine bar has made this a very popular destination.

About the Business

Location:
Maine
Year Established:
2010
Number of Employees:
4FT 13PT
Facilities:
Leased space (first floor) is 2,600 sq’, features a rustic interior decor, heavily accented by Italian items.
Market Outlook/
Competition:
Known for high quality, seasonal food w/attention to detail; strong nightly specials.
Great relationships w/local farmers & purveyors.
Excellent service that goes above & beyond, in an incredible night-time atmosphere.
A very large group of regular diners that visit year ‘round.
Core employees w/excellent retention rate.
Growth & Expansion:
Frankly, there are a number of grown ideas here. Brunch & lunch are easy culprits as this town could easily support those offerings. In addition, drafted plans to convert the “office” into a pasta production facility to wholesale pasta. Event Catering (we dabble, but have not gone “all in” on this aspect.
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About the Sale

Reason For Selling:
Seller moving to New Hampshire.
Training/Support:
Seller would like to see the new owner to be successful and assist in a smooth training and transition plan as negotiated in a purchase and sale agreement.

Listing Info

ID:
1609176
Ad Detail Views:
0

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Business Listed by

Scott Balfour

Keller Williams Realty

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