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Established Breakfast Cafe In Maine For Sale

Maine, US
Asking Price:
$95,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$152,240
Cash Flow:
$11,340

Established breakfast-only cafe with a history of over 35 years of success. Owner retired and the restaurant was purchased and refurbished. Reopened and operating absentee, the business is now ready for a new owner to take it to the next level.

Revenue and cash flow reported is for the first 4 months after reopening annualized.

Operating hours since reopening have been short: Wednesday through Sunday 6am - 11am.

Excellent location in the center of town surrounded by banks, professional offices and many other busy retail businesses.

Contact Broker for more details.

Property Information

Real Estate:

Lease

Lease Terms:

Current lease through 3/1/2029

Leasehold Rent:

25,200/yr per annum

Location:

Located on a main street in the downtown area with lots of foot traffic surrounded by other businesses, banks and professional offices.

Premises Details:

Retail location recently refurbished.

Size in square feet:
1,795

Business Operation

Expansion Potential:

Lots of opportunity for growth and expansion. Currently open only 5/hrs a day, 5 day/week for breakfast. Open 7 days and stay open for lunch for either eat in or takeout would be popular with the local merchants and visitors to the downtown. On site owner/operator would greatly enhance the business and cash flow.

Competition / Market:

Little competition of this type in the area.

Reasons for selling:

Owners have other businesses and do not have the time to devote to the business that it deserves.

Trading hours:

6am - 11am Wednesday through Sunday

Employees:
3 part time
Years established:
.5

Other Information

Support & training:

One week included

Furniture / Fixtures value:
$34,715 - included in the asking price
Inventory / Stock value:
$1,500 - included in the asking price