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This popular restaurant in Southern Maine has strong cash flow, a great reputation, and a strong team of employees. 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, community presence, 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 65+, has plenty of convenient parking, and is well known for its delicious, fresh food.
$55,000 (USD) per annum
This popular restaurant is a local favorite and a favored tourist stop, serving lunch and dinner with a homey neighborhood atmosphere. Quality, fresh food cooked from scratch and a high traffic location generate projected sales of $1,550,000 and cash flow of $275,000. Price $385,000.
New owners could benefit from expanding the restaurants “off-site” dining options and revenues. The restaurant currently generates approximately 12% of its revenue from such “off-site” sales while data indicates that industry-wide restaurants are generating more than 60% of revenues from such dining options. 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 restaurant is a clear leader in its market due to its high-quality food made from scratch with fresh ingredients and its superior service. These factors as well as its high traffic location allow the restaurant to enjoy stable tear round revenues and profits. The business currently has few competitors in its local market.
Seller desires to spend more time pursuing other opportunities.
The seller will provide transitional training to a new owner.
Anticipated Seller $50,000. Anticipated Bank TBD. Down Payment TBD. Working Capital Needed $50,000
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