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@CapeNeddickInn Thanks 4 the follow. I was actually at your inn a few week ago doing an AV delivery for a pharmaceutical mtg.
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Portland Relaxed Fine Dining
Financials
Asking Price of Business: $150,000
Included in the Asking Price:
- Furniture, Fixtures & Equipment: $50,000
Inventory: $10,000
Asking Price of Real Estate: $395,000
Cash Flow: $119,000
- Cash Flow from business: $75,000
- Cash Flow from Real Estate Rental Income: $44,000
Annual Sales: $425,000
Summary Description
This popular neighborhood restaurant has an excellent reputation and loyal customer traffic that provide steady revenue year round. The full lunch and dinner menus encompass casual fine dining with more eclectic items and a limited beer and wine selection. The real estate is also available for acquisition.
General Information
Year Established: 2004
Employees: 12 PT
The location is a destination for casual fine dining that includes select restaurants and other attractions. The real estate can be included in the purchase and includes rental or owner apartment(s).
Market Outlook
Competition & MarketLimited competition with prohibitive zoning, brand recognition and excellent location make this a unique business.
Growth & Expansion:
There is an opportunity to expand the space physically and to add full liquor to the current beer and wine selection.
About the Sale
Financing:
- Anticipated Seller Financing on Business: $50,000
- Inventory Purchase: $10,000
- Working Capital Needed: $10,000
Support/Training: Seller will provide transition training and consulting.
Reason for Sale: Seller has other business interests.
Contact Information
Brian Hanson
Phone: 207-775-1957
Info@MaineBusinessBrokers.com
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“Maine Business Brokers sold our oceanfront inn. We would recommend them very highly.”
John & Daryl Bullard
Sellers, Terrace by the Sea, Ogunquit, Maine
