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The Wall Street Journal Online

Restaurant & Lounge with Loyal Customer Base

Saco, Maine (York County)

Photo Available
Asking Price:
$90,000
Gross Income:
$274,153
Cash Flow:
N/A
FF&E:
$91,360.00 *
Inventory:
$7,000.00 *
Real Estate:
N/A
Year Established:
2000
Employees:
3 ft 3 pt
Business Types:
Restaurants
Bars/Taverns

* included in the asking price

Business Description

This is an area favorite with it's casual, clean and friendly atmosphere. Family friendly including a large and diverse menu including children's menu. Seats 90. Large kitchen producing great food at reasonable prices. Voted best Lobster Roll in York county. Full bar and regular entertainment. Unfortunately, a serious health issue with the owner over the last 2 years has had a negative impact on the business. Excellent opportunity to grow this proven business with a loyal following at a great price.

Detailed Information

Facilities:
Spacious restaurant/lounge with 2 dining rooms and bar area. Well maintained with full kitchen. Everything in excellent working condition.
Competition:
Area considered the economic hub of York county. Major area employers are currently experiencing significant growth. Only minutes away from Old Orchard Beach.
Growth/Expansion:
The business would benefit from more advertising and there is a demand for later hours and more entertainment.
Financing:
Cash to Seller
Support/Training:
Two weeks training included.
Reason Selling:
Health Issues
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Broker Information

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Business For Sale Listed By

Ed Larochelle
Magnusson Balfour Commercial & Business Brokers

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Ad#: 686554

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