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Energy Products Fabricator business for sale. Price reduced to $475K. Sales $675K. Cash flow $170K. http://goo.gl/pTpc
Featured Opportunities
Family Restaurant and Lounge
Newly renovated, full bar, 150 seats!Marine Construction – Docks Plus
Residential & commercial customers in outstanding scenic area of state.Preschool and Kindergarten
Excellent accreditations and affiliations!
Family Restaurant and Lounge
Financials
Asking Price of Business: $175,000
Included in the Asking Price:
- Furniture, Fixtures & Equipment: $60,000
Inventory: $25,000
Cash Flow: $115,000
Annual Sales: $1,000,000
Summary Description
Located at a key intersection, this restaurant draws customers year round. The large airy dining area features expansive windows in a well-lit and comfortable environment. A separate bar area allows for a more relaxed atmosphere and festive crowd. The 6,000 square foot restaurant easily seats 150 people with several distinct areas that can accommodate private parties. Excellent signage and ample parking make the restaurant a local favorite and a destination for tourists in the summer months.
General Information
Year Established: 2000
Employees: 35 PT
The newly renovated 6,000-square-foot restaurant has seating for 150 people, a separate lounge/bar, and updated kitchen. The attractive building has benefited from regular maintenance, upgrades and renovations. The corner location has access from both streets with ample parking. The business has an assumable long term lease at market rates.
Market Outlook
Competition & MarketThe business is located in a southern Maine town that is also a popular summer tourist destination. The restaurant’s prime location, size and price point make it a dominant player in the local hospitality market. Its casual dining atmosphere and broad menu made it an appealing choice for a wide variety of customers.
Growth & Expansion:
The business has exceptional growth potential. The addition of a year-round outdoor patio and a focus on special events and banquets can increase revenue substantially. The growing popularity of the lounge is increasing beverage sales and profitability. Its reasonable price points make it less vulnerable to market downturns.
About the Sale
Financing:
- Anticipated Seller Financing: $50,000
- Down Payment: $125,000
- Inventory Purchase: $25,000
- Working Capital Needed: $25,000
Support/Training: Support training will be provided as needed.
Reason for Sale: The seller is planning to relocate out of state.
Contact Information
Lee Edwards
Maine Business Brokers
Phone: 207-775-1957
Email: Lee@MaineBusinessBrokers.com
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