Asking Price: $425,000 Gross Revenue: $925,000Cash Flow: $142,500 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $15,000 not included in asking priceFF&E: $50,000 included in asking priceReal Estate: $275,000 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.
This very well-known restaurant in the Greater Portland area is extremely popular for breakfast and has growing lunch and dinner services. It is a “turn-key” business that delivers stable revenues and profits, and is ready for purchase by either an owner / operator or an investor, with non-owner management currently in place. The restaurant’s clientele, history, and quality of service provide steady year-round business, while its location allows it to take full advantage of seasonal visitors and tourists. It seats 55, features several new updates and equipment purchases, and has plenty of convenient parking.
About the Business
Cumberland County, Maine
Number of Employees:
20 FT / 5 PT
Building Sq. Ft.:
The restaurant’s real property is for sale and is included in the offering price. The business is located off of one of Southern Maine’s most highly trafficked roads in an area which draws large numbers of tourists and shoppers, while also close to Maine’s largest city. The building has approximately 1,600 square feet of dining area, a 400 square foot kitchen and another 500 square feet of basement space used for an office, a walk-in cooler and inventory storage, as well as a separate prep area.
The restaurant is a clear leader in its market with the popularity of its breakfast service and breakfast menu items. This popularity and its significant history provide a stable and dependable level of business year-round. The business has a number of competitors since the local market can support a significant number of restaurants, but those competitors’ success is more subject to the seasonal surges in tourists. As nearby Portland has shown, the market demand for restaurants is deep and its growth continues unabated.
Growth & Expansion:
New owners would benefit from continuing efforts to increase revenue generated from dinner service. The restaurant has all of the equipment necessary and has received good feedback from customers on its dinner service. Expanding dinner service would increase the business’s operating capacity, which the owners estimate is at 65%. One opportunity to increase awareness of the restaurant as a whole, and the dinner service in particular, would be to develop a more robust marketing plan that include the development of a social media presence and strategy.
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 & Conditions.