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Iconic Taste Of Maine Restaurant For Sale

Woolwich, Maine, US
Asking Price:
$4,500,000 Furniture / Fixtures included
Sales Revenue:
$2,458,237
Cash Flow:
$556,928

The Taste of Maine Restaurant serves fresh, mouth-watering Maine lobster and seafood, compliments by great steaks. The restaurant offers both a great atmosphere and gorgeous view of Pleasant Cove, one of the prettiest waterfronts in Maine. The building is filled with beautiful antique collectibles from all over Maine.

The Taste of Maine Restaurant is famous for serving the World’s Largest Lobster Roll. The colossal sandwich is 24 inches long and filled with 1 1/4 pounds of fresh lobster meat. For the past 10 years the business has been posting photos of those who order the special roll on their Facebook page, and it’s been a huge marketing success. This has created a ripple effect that leads to more sales of this popular product.

The Taste of Maine Restaurant was Down East Magazine’s winner of the Best Lobster Roll in Maine in 2021. The restaurant has also won many awards in past Bath Holiday Parades, chowder competitions, and many others – all of which hang on the walls as you enter the building. However, the restaurant’s greatest achievement is being as successful as they are after 43 years in business.

Property Information

Real Estate:

Real Property Included

Location:

Located on high visibility Route One in Midcoast Maine.

Premises Details:

Main dining area, function room, kitchen, outdoor seating.

Size in square feet:
16,310

Business Operation

Expansion Potential:

Growing the restaurant’s Instagram account could potentially reach a new segment of potential customers, as could increasing advertising to a wider demographic.

Competition / Market:

The business began offering online ordering in addition to dine-in service in 2021. This proved to be successful. There are other restaurants in the area that serve seafood, but none do it at the scale and as well as this restaurant does.

Reasons for selling:

Retiring

Employees:
24FT/3PT plus owner
Years established:
1978

Other Information

Support & training:

Seller is willing to work with the new owners in order to show them everything they need to succeed.

Furniture / Fixtures value:
$187,300 - included in the asking price