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Business 4 Sale. Marine Construction – Hi-End Docks & More. Price reduced to $325K. Sales $325K. Cash Flow $110K. Go to: http://goo.gl/bbzD
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.Busy Rural Convenience Store
16-acre location on a busy highway in a scenic area!
Lobster Wharf & Restaurant
Financials
Asking Price of Business: $450,000
Included in the Asking Price:
- Furniture, Fixtures & Equipment: $150,000
Asking Price of Real Estate: $1,500,000
Cash Flow: $470,000
Cash flow includes $290,000 from the business and $180,000 from real estate add-back of rent.
Annual Sales: $3,750,000
Summary Description
This working Maine lobster wharf and fresh seafood restaurant are located in a picturesque Maine harbor. The thriving lobster wholesale business, commercial fishing supplies and fuel sales work synergistically with the seasonal restaurant that features lobsters, chowders and clams “fresh from the boat.” The purchase includes a newly constructed office building with a second floor two-bedroom apartment overlooking the harbor. The combination of commercial customers and seasonal tourists makes for excellent year round business.
General Information
Year Established: 1930
Employees: 4 Full-Time; 20 Part-Time
The real estate includes 4 buildings on a large wharf with several attached docks and slips. Buildings include the restaurant and outdoor deck seating, a two-bedroom apartment, and several storage and supplies buildings.
Market Outlook
Competition & MarketThe business has a unique niche with the only dockside restaurant in the area. The lobster wharf maintains a steady clientele and has long term relationship with out of state buyers.
Growth & Expansion:
There are many expansion opportunities for both operations. The restaurant can add full liquor sales and fried foods, expand its tie-up dock and pursue off-site catering. The commercial operation can expand its capacity by adding on-site storage tanks and broadening its supplies.
About the Sale
Financing:
- Seller/Bank on Business: $300,000
- Bank on Real Estate: $1,000,000
- Total Down Payment Needed: $650,000
- Working Capital Needed $100,000
Support/Training: Seller will provide transition training and consulting.
Reason for Sale: Seller has other business interests.
Contact Information
Lee Edwards
Maine Business Brokers Network
Phone: 207-775-1957
Lee@MaineBusinessBrokers.com
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