Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Iconic Taste Of Maine Restaurant For Sale

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

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 (USD) - included in the asking price

Contact Magnusson Balfour

  1. This email address is already registered. Log in to continue.
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that BusinessesForSale.com will send the above details to Magnusson Balfour. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business