This full-service restaurant has been a cornerstone of its mid-coast Maine community for years. The business is located in the center of a vibrant downtown district surrounded by boutique retail, galleries, and year-round pedestrian traffic. The interior features exposed brick, wood accents, and a cozy bar, creating an atmosphere that balances comfort with refined charm. A private dining area with scenic views provides an excellent setting for small functions or events.
- Asking Price:
- $1,500,000 Furniture / Fixtures included
- Sales Revenue:
- $1,250,000
- Cash Flow:
- $295,000
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
This unique 6,000-square-foot space features a flexible seating layout, a usable outdoor patio, and a dedicated area for private events or group gatherings. The business spans multiple floors and includes several dining areas, a private event room, a main kitchen, and a separate, spacious prep and commissary area.
- Size in square feet:
- 6000 SF Restaurant Facility
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Opportunities include expanding service hours, introducing lunch or brunch, increasing private events, off-site catering and expanding ready to serve meals and baked goods. Seasonal fluctuations remain a consideration but are offset by strong local patronage and destination appeal. The business enjoys strong financial performance and a stable, experienced staff, offering a turnkey opportunity for a new owner
- Competition / Market:
-
The local dining market offers limited full-service options, giving this establishment a strong competitive position. It benefits from a prime downtown location, loyal year-round clientele, and seasonal tourism that drives high summer demand.
- Reasons for selling:
-
Seller desires to spend more time pursuing other opportunities.
- Employees:
- 8 FT / 6 PT
- Years established:
- Established in 1990
Other Information
- Support & training:
-
The seller will provide transitional training to a new owner.
- Financing available:
-
Anticipated Bank $1,200,000. Down Payment $300,000. Working Capital Needed $50,000
- Furniture / Fixtures value:
- $100,000 - included in the asking price
- Inventory / Stock value:
- $5,000
