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Restaurant & R/estate- Absentee Ownership, BIG Cash Flow!

Bath, ME (Sagadahoc County)

Seller Financing Available
Restaurant & R/estate- Absentee Ownership, BIG Cash Flow!
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Asking Price: $2,000,000

Cash Flow: $673,000

Gross Revenue: $2,500,000

EBITDA: $673,000

FF&E: $100,000

Inventory: $25,000*

Real Estate: $800,000

Established: 1979

*not included in asking price.

Restaurant & R/estate- Absentee Ownership, BIG Cash Flow!

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Business Description

Since 1979, this long-standing, historic restaurant and building on a historic main street has been serving loyal and new customers with classic American cuisine. The current ownership is mostly absentee, so there is a solid organization in place for a new owner. Addt'l tenants provide rental income to this overall business opportunity. And, significant Seller Financing is available for qualified buyers. Once-in-a-lifetime-opportunity!!

Detailed Information

Location:
Bath, ME
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,800
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Premier, well-known location. Historic building includes restaurant, pub, rental units.
Competition:
Steady business = Big Cash Flow!
Growth & Expansion:
Business has been BOOMING! Lot of repeat, loyal customers as well as visitors to this beautiful and active mid-coast Maine town.
Financing:
Negotiable and willing
Support & Training:
Strong organization/management in-place. Owner transition as needed.
Reason for Selling:
retirement
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Contact the Seller

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Stephen A. Strand, CPA

Business Listed By:
Stephen A. Strand, CPA

Certified Business Brokers of Maine

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