Landmark Diner For Sale

Business description

This nationally recognized and unique landmark diner is located in Central Maine. Its excellent reputation and loyal customer traffic provide steady revenue year round. The full menu encompasses home-style comfort fare along with more eclectic items and a limited beer and wine selection. The well-maintained facility and large kitchen allows for considerable expansion into catering and take-out with the current infrastructure.

Property information

Real Estate:

Real Property Included

Location:

The real estate, which is included in the purchase, includes a 3-story building with restaurant, apartment, storage and restrooms. Owner apartment is currently used for office and storage space. The acquisition price of the real estate is $250,000. Purchase of the real estate would result in an additional $44,000 cash flow from rent add-back and apartment rental.

Other information

Expansion potential:

There are excellent expansion opportunities into new product lines, take-out and catering.

Competition / Market:

Limited competition, brand recognition and central location make this a unique business.

Support & training:

Seller will provide transition training and consulting.

Reasons for selling:

Seller has other business interests.

Financing available:

Seller/Bank $75,000 on Biz. Bank $200,000 on R.E. Down $70,000. Working Capital Needed $20,000

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$10,000 (included in the asking price)