Lobster Wharf & Restaurant

Wholesale/Dist. - Nondurable Goods | Retail - Restaurants

Asking Price	$1,950,000	Inventory
Gross Income	$3,750,000	Real Estate	$1,500,000*
Cash Flow	$470,000	Year Established	1930
FF&E	$150,000*	Employees	24

* included in the asking price

** not included in the asking price

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.

Facilities: 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.

Competition: The 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.

Financing: Seller/Bank $300K on Biz. Bank $1,000,000K on R.E. Working Capital Needed $100K

Support/Training: Seller will provide transition training and consulting.

Reason Selling: Seller has other business interests.