Very Profitable Coastal Restaurant

Knox County, ME
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Asking Price:$550,000
Rent:$10.5/SF/Year
Cash Flow:$165,000
Established Year:2009
BUSINESS DESCRIPTION

Restaurant in Maine Coastal town with good demographic's and excellent cashflow.

This intimate casual dining restaurant is a longstanding favorite among locals and out-of-town visitors. Featuring a welcoming and elevated neighborhood vibe and a beautiful outdoor patio. Location is an easy walk from Main Street and 2 blocks from the Historic water front. The restaurant is well regarded for its service, carefully crafted menus, and attention to detail. A stable back and front of the house staff lend to a consistently memorable dining experience and happy employees who want to stay with business. An added bonus is the ample free public parking lot across the street with some parking directly in front of restaurant. Management is in place and will stay on with new owners. Great consistent cash flow and very profitable for dinner only business. If you are an aspiring or experienced restaurateur, here is an opportunity to step into a finely-tuned operation with a proven concept in a beautiful setting. Favorable NNN lease. Financials and location disclosed with signed NDA.


DETAILED INFORMATION
Location
Knox County, ME
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,342
Lease Expiration
31/12/2027
Employees
15
Growth & Expansion
Currently the restaurant is only opened for dinner. New owner could offer lunch and breakfast which would have a positive impact to the bottom line.
Reason for Selling
New opportunity
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Ed
Herczeg
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Ed Herczeg