Business For Sale Listing 154373
150-Seat Seasonal Coastal Restaurant
Status as of Nov-22-2008 at 05:59 PM: Active
Business Summary
DESCRIPTION: This seasonal restaurant has an outstanding scenic location on the Maine coast. It is ideally situated on a busy highway near ocean and beach. The menu is a unique blend of recipes that keep customers coming back. An experienced chef will have no difficulty replicating the cuisine if desired. The restaurant has a superb wine list. The food and beverage prices are moderate and competitive. The real estate, price at $600,000, is included in the offering.
MARKET: Customers include local residents, tourists and travelers. Most customers are affluent and enjoy the dining atmosphere, quality of service and superior food. The company’s current marketing efforts are very low key and could easily be expanded. There is an opportunity for significant sales growth. In addition to an expanded marketing plan, there are several growth avenues that a new owner could take such as expanding both the hours and the season. The current owner has intentionally chosen to limit hours and season.
FACILITIES: This 150-seat restaurant is ideally situated near a sandy beach with ocean and island views. The building and facilities are in superb condition. The kitchen was completely renovated in 2002. The large parking area is paved and well-lit. The property, included in the offering, is about 3/4 of an acre with significant road frontage.
PRICE OF BUSINESS: $395,000
PRICE OF REAL ESTATE: $600,000
ANTICIPATED DOWN PAYMENT: $195,000 on business; $150,000 on real estate
WORKING CAPITAL NEEDED: $50,000
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($1,000,000) |
| Profits: |
Between $100 Thousand and $500 Thousand ($235,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
Proforma |
| Asking Price: |
Between $500 Thousand and $1 Million ($995,000) |
