Real Estate includes Two Restaurants AND One Rental House
Ogunquit, ME
| Asking Price: | $3,200,000 |
| Gross Revenue: | $862,857 |
| EBITDA: | $275,000 |
| Real Estate: | $2,500,000 |
| Cash Flow: | $220,000 |
| Inventory: | $5,000 |
| FF&E: | $75,000 |
| Established Year: | 1980 |
Listing ID: 2297022Listing provided by BizBuySell
BUSINESS DESCRIPTION
Two Established Businesses: $200,000 8-month Cash Flow. $275,00 EBITDA
Incredible opportunity to own not one but 2 thriving businesses at one location! The Omelette Factory is a landmark breakfast restaurant with a 41-year history in Ogunquit. Repeat customers return from all over the country year after year. Current owners have doubled the size of the restaurant, updated the interior and developed a thriving short term vacation house rental business in the newly renovated attached home. Close to the main attractions in town, guests enjoy walking to the beach or shopping and dining along Main Street in town. Don't miss this opportunity to see these turnkey businesses!
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Ogunquit, ME
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,443
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All three business spaces at 422 Main St, Ogunquit, ME, were updated and remodeled in 2022, 2023, and 2024. All kitchen equipment and furniture included in sale of [property or business
Competition
Ogunquit, ME, a beautiful place by the sea, is a thriving breakfast, lunch, and dinner destination for all ages. This prime location has abundant foot and car traffic daily. The Omelette Factory breakfast restaurant, established in 1980, is constantly in Tripadvisor's Top-3 rankings breakfast restaurants. Peak season brings up to 400 customers daily 7am to 1pm. Locals and annual tourists dine here regularly, and there is 50% new customer growth annually from all over the world, most notably in all parts of New England, New York, New Jersey, and Canada.
Growth & Expansion
There is potential growth for a more prominent front deck and an additional back deck from the ground-floor restaurant. If you want to think bigger, the wall from the house to the ground-floor restaurant can be opened to make the entire property a restaurant or any retail space, or vice versa, make it entirely for lodging.
Support & Training
1 month of on-site transition training by owner-operator Michael McCallum
Reason for Selling
Retirement
BUSINESS LOCATION
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