Business Summary:
One of Central Maine s largest and longest operating banquet facilities and restaurants. Full turnkey buffet operation with over 200 seats and a banquet room that can accommodate up to 350-person functions. Long term history of one million plus in annual sales. All furniture and equipment included in sale.
|
|
|
| |
|
| Year
Business was Established: 1955 |
| |
|
| Number of Employees:
19 |
|
| |
|
| Facilities / Terms of Lease:
The building may be leased or is available for sale. It features ample parking, outdoor signage and a convenient location on a major thoroughfare. The first floor houses the main restaurant, bathrooms, kitchens and banquet rooms. The second floor houses several small meeting rooms and the offices. A bar and club are located on the basement level. |
|
| |
|
| Potential
Growth/Expansion:
The business proximity to the state capital and the lack of large banquet facilities in the area give it a competitive edge for weddings, conventions and government functions. The excellent business opportunity combined with a favorable sales price makes this a superb business and investment opportunity. |
|
| |
|
| Competition:
The business is located in a market area that is served by national chain restaurants but underserved by local specialty restaurants. The businesses long history gives has given it a solid niche in the local restaurant market. Buffet restaurants have a perceived value that generates strong sales during economic slow downs. Well operated buffets can provide superior margins over traditional menu items. |
|
| |
|
| Owner
willing to finance:
Anticipated Seller $100,000. Down Payment $50k Working Capital Needed $50k |
|
| |
|
| Owner
willing to train:
Support training will be provided as needed. |
|
| |
|
| Reason for selling:
Corporate restructuring divesting operations. |
|
| |
|
Seller Reference Number: 58227
BusinessMart.com Listing Number: 43919 |
|
|
To request more information
on this business
please fill out the form shown right 
|
