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Midcoast Restaurant With Decades Of Success For Sale

Sagadahoc County, Maine, US
Asking Price:
$1,208,000 (USD) Furniture / Fixtures included
Sales Revenue:
$2,458,237 (USD)
Cash Flow:
$556,928 (USD)

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.

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 (USD) - included in the asking price

Contact Magnusson Balfour

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