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Successful Local Casual Dining Restaurant For Sale

Southern, Maine
Asking Price:
$385,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,550,000 (USD)
Cash Flow:
$275,000 (USD)

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.

Property information

Real Estate:

Lease

Leasehold Rent:

$55,000 (USD) per annum

Premises Details:

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.

Size in square feet:
4300 Facility Size

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

Seller desires to spend more time pursuing other opportunities.

Employees:
10 FT / 10 PT
Years established:
Established in 2012

Other Information

Support & training:

The seller will provide transitional training to a new owner.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Anticipated Seller $50,000. Anticipated Bank TBD. Down Payment TBD. Working Capital Needed $50,000

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$12,000 (USD)

Contact Information

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