Successful Local Casual Dining Restaurant

ME

Seller Financing Available
Casual Dining
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Asking Price: $385,000

Cash Flow: $275,000

Gross Revenue: $1,550,000

EBITDA: N/A

FF&E: $50,000

Inventory: $12,000*

Rent: $4,583.33 /Month

Established: 2012

*not included in asking price.

Successful Local Casual Dining Restaurant

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Business Description

Popular restaurant boasts strong cash flow, friendly atmosphere and great reputa

This popular restaurant in Southern Maine has strong cash flow, a great reputation, and a strong team of employees. It is a “turn-key” business that delivers stable revenues and profits, and is ready for purchase by either an owner / operator or an investor, with non-owner management currently in place. The restaurant’s clientele, community presence, and quality of service provide steady year-round business, while its location allows it to take full advantage of seasonal visitors and tourists. It seats 65+, has plenty of convenient parking, and is well known for its delicious, fresh food.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,300
Lease Expiration:
N/A
Employees:
10 FT / 10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located off of one of Southern Maine’s most highly trafficked roads in an area which draws large numbers of tourists. The building has approximately 2,300 square feet of dining area, a 500 square foot kitchen and another 1,000 square feet of space used for office space, storage, and similar support functions.
Competition:
The restaurant is a clear leader in its market due to its high-quality food made from scratch with fresh ingredients and its superior service. These factors as well as its high traffic location allow the restaurant to enjoy stable tear round revenues and profits. The business currently has few competitors in its local market.
Growth & Expansion:
New owners could benefit from expanding the restaurants “off-site” dining options and revenues. The restaurant currently generates approximately 12% of its revenue from such “off-site” sales while data indicates that industry-wide restaurants are generating more than 60% of revenues from such dining options. One opportunity to increase awareness of the restaurant as a whole, and the dinner service in particular, would be to develop a more robust marketing plan that include the development of a social media presence and strategy.
Financing:
Anticipated Seller $50K. Bank TBD. Down Payment TBD. Working Capital Needed $50K
Support & Training:
The seller will provide transitional training to a new owner.
Reason for Selling:
Seller desires to spend more time pursuing other opportunities.
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Contact the Seller

(from currently available funds)
 
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Josh Saunders

Business Listed By:
Josh Saunders

Maine Business Brokers

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Sponsoring Broker:
Brian Hanson

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