This Portland area bar and lounge has been a mainstay in the restaurant scene. Consistent year-over-year performance with a loyal customer base makes this business a proven success.
- Asking Price:
- $325,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $250,000
- Cash Flow:
- $120,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$80,400 per annum
- Location:
-
Ideal central location.
- Premises Details:
-
The space occupies about 1,500 square feet with seats for 40, kitchen and food prep areas, and ample storage.
- Size in square feet:
- 1,500
Business Operation
- Expansion Potential:
-
With full-time active ownership, the business can expand the number of days open and hours of operation. There is an opportunity to adjust the menu and expand the food offering.
- Competition / Market:
-
Portland Maine is known for its vibrant restaurant and bar scene. The area enjoys strong year round business with locals, summer visitors and foodie tourists!
- Reasons for selling:
-
Retirement
- Employees:
- 10 PT
- Years established:
- 2012
Other Information
- Support & training:
-
Owner will train as needed.
- Financing available:
-
Anticipated Bank 25,000. Down Payment 25,000. Working Capital Needed 5,000
- Furniture / Fixtures value:
- $25,000 - included in the asking price
- Inventory / Stock value:
- $1,000 - included in the asking price
