Business Summary:
This nationally recognized and unique landmark diner is located in Central Maine. Its excellent reputation and loyal customer traffic provide steady revenue year round. The full menu encompasses home-style comfort fare along with more eclectic items and a limited beer and wine selection. The well-maintained facility and large kitchen allows for considerable expansion into catering and take-out with the current infrastructure.
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| Year
Business was Established: 1950 |
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| Number of Employees:
20 |
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| Facilities / Terms of Lease:
The real estate, which is included in the purchase, includes a 3-story building with restaurant, apartment, storage and restrooms. Owner apartment is currently used for office and storage space. The acquisition price of the real estate is $250,000. Purchase of the real estate would result in an additional $44,000 cash flow from rent add-back and apartment rental. |
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| Potential
Growth/Expansion:
There are excellent expansion opportunities into new product lines, take-out and catering. |
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| Competition:
Limited competition, brand recognition and central location make this a unique business. |
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| Owner
willing to finance:
Seller/Bank $75K on Biz. Bank $200K on R.E. Working Capital Needed $20K |
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| Owner
willing to train:
Seller will provide transition training and consulting. |
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| Reason for selling:
Seller has other business interests. |
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Seller Reference Number: 58193A
BusinessMart.com Listing Number: 43922 |
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on this business
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