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Businesses For Sale > Business For Sale in Portland, Maine (ME)

PORTLAND CASUAL DINING for sale in Portland, ME

Portland, Maine (ME)

Asking Price: Gross: Cash Flow:
$ 135,000 $ 425,000 $ 75,000

Furniture and Fixtures Value:
$ 50,000 (included in the asking price)

Inventory Value:
$ 10,000 (not included in the asking price)

Real Estate:
$ 450,000 (not included in the asking price)

Business Summary:
This popular neighborhood restaurant has an excellent reputation and loyal customer traffic that provide steady revenue year round. The full lunch and dinner menus encompass casual fine dining with more eclectic items and a limited beer and wine selection. The real estate is also available for acquisition.

 

   
Year Business was Established: 2004
   
Number of Employees: 12 PT  
   
Facilities / Terms of Lease: The location is a destination for casual fine dining that includes select restaurants and other attractions. The real estate can be included in the purchase and includes rental or owner apartment(s). The 3,000 SF building is very attractive. The acquisition price of the real estate is $450,000.  
   
Potential Growth/Expansion: There is an opportunity to expand the space physically and to add full liquor to the current beer and wine selection.  
   
Competition: Limited competition with prohibitive zoning, brand recognition and excellent location make this a unique business.  
   
Owner willing to finance: Anticipated Seller/Bank $75,000 on Biz. Bank $315,000 on R.E. Working Capital Needed $15,000. Inventory Purchase $10,000  
   
Owner willing to train: Seller will provide transition training and consulting.  
   
Reason for selling: Seller has other business interests.  
   
Seller Reference Number: 58245
BusinessMart.com Listing Number: 72095
 

 

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For more info contact:

Lee Edwards

Maine Business Brokers
207-775-1957

CONTACT SELLER

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