Well-established Midcoast restaurant located in a popular high traffic tourist area. The restaurant specializes in fresh seafood complimented by quality beef options in a fun atmosphere including gorgeous views of the Maine coast. Customers come from all over the world, but the owner makes a concerted effort to cater to the locals. The hardworking, dedicated employees are treated like family and come back year after year, contributing to the restaurant's longtime success.
- Asking Price:
- $1,208,000 Furniture / Fixtures included
- Sales Revenue:
- $2,455,188
- Cash Flow:
- $574,916
Property Information
- Premises Details:
-
Main dining area, function room, kitchen, outdoor seating.
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 as well as this restaurant does.
- Reasons for selling:
-
Retiring
- Employees:
- 24FT/3PT plus owner
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
