18 Below Raw Bar~Grill~Lounge

Waterville, ME (Kennebec County)

18 Below Raw Bar~Grill~Lounge
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Asking Price: $345,000

Cash Flow: $140,000

Gross Revenue: $750,000

EBITDA: N/A

FF&E: $115,000

Inventory: $10,000

Established: 2011

18 Below Raw Bar~Grill~Lounge

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Business Description

Central Maine's #1 Rated Restaurant

Located in the heart of downtown Waterville, is this well established Upscale/Casual gem of a restaurant. 3000 square feet of tastefully designed space with brick walls & polished cement floors, there is also a separate 450 sq ft space for private dining events.
Strong volume that could easily increase as the restaurant is currently open only 5 days per week for dinner only, also potential for sidewalk dining.
Waterville downtown is currently experiencing a $50 million dollar revitalization from Colby College.
A senior dormitory opened in the fall that is located less than 1000 feet outside our front door, they will also be breaking ground this spring on the first downtown hotel that is less than 500 feet outside our doors. Waterville has also revitalized the river front in order to bring more entertainment and business to the down town area.
This an excellent opportunity, unfortunately divorce is forcing the sale.
Motivated seller. New Price

Detailed Information

Location:
Waterville, ME
Inventory:
Included in asking price
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Business Website:
http://18BELOWRAWBAR.COM
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Business Listed By:
travis lajoy

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