Coffee Shop & upscale Bakery in Lubec, Maine- Serving Wine

Price: $225,000

Location: Lubec, Maine

Industry: Food and Restaurants

Listing ID: CM120523

Ready to upgrade your lifestyle?  This boutique ocean view coffee shop just might be what you need!

Located in Lubec, Maine, a beautiful, rural, coastal town; this coffee shop features an ocean view that includes Campobello Island (summer home of President Franklin Delano Roosevelt).

Lubec is the Easternmost point in the United States and is right on the Canadian border. As you would expect, they get a lot of tourist traffic in the season.  The year-round population is about 1,250, so you’ll find a quiet, rural lifestyle here.

The coffee shop offers all sorts of fancy (and basic) coffee, tea, baked goods, sandwiches, etc.  There are options for vegetarian, vegan and gluten-free foods.

They also have a carefully curated selection of gifts, most of which are made in Maine.

The shop is licensed to serve wine by the glass or bottle and can easily expand that service to grow revenue, especially in the slower winter months.

The real estate includes a 2-bedroom apartment above the coffee shop that also features a magnificent ocean view.

The rural Maine lifestyle is a dream for many people.  With the one of the lowest crime rates in the country, a distinct lack of city traffic, and plenty to do year-round.  Fishing, hiking, hunting, skiing, snowshoeing, ice fishing, sightseeing – there’s something for everyone.

Financials

Purchase Price: $225,000
Cash Flow: $88,000
Gross Revenue: $195,000
Inventory $5,000 (included in sale price)
Assets: $20,000 (included in sale price)
Real Estate: $495,000 (not included in sale price, subject to commercial appraisal)
Employees: 1 FT, 3 PT
Founded: 1975
Reason for Sale: Retirement
Training: The seller will assist with the transition.

Opportunities for Growth: Use existing on-premise wine license to build new clientele by sponsoring activities such as a book club, knitting club, chess club, a “wine of the Month” club, etc.
Consider shipping coffee, baked goods and gifts to customers around the US and overseas.
Consider renting the apartment on AirBnB / VRBO in the season.

Note: Financials are seller-provided and not audited by Inbar Group, Inc.

Gross Revenue: $195,000

Cash Flow: $88,000

FFE: $20,000 (Included in price)

Inventory: $5,000 (Included in price)

Real Estate $495,000

Reason for Sale:

Owner is seeking retirement

Year Established: 2019

Employees: 1 FT / 3 PT

Facilities Information:

Incidental to the sale of the business. Seller estimates value at $495,000. Subject to commercial appraisal.

Potential Growth:

Use existing on-premise wine license to build new clientele by sponsoring activities such as a book club, knitting club, chess club, a “wine of the Month” club, etc.
Consider shipping coffee, baked goods and gifts to customers around the US and overseas.
Consider renting the apartment on AirBnB / VRBO in the season.