Business Sales & Acquisitions
Price
$420,000
Location
Cumberland County, Maine
Industry
Food and Restaurants
Listing ID
CM82323
This attractive, 8,000 square foot, turnkey restaurant serves a complete menu of pizza, calzones, sandwiches, Italian foods, fried foods, a huge list of appetizers and salads. This restaurant boasts 4.5/5 stars on Trip Advisor and 4.4/5 stars on Google, so it’s clear that their customers love them! They have a full liquor license for the restaurant as well as a separate beer & wine license for take-out. The bar seats 18, plus 40 (mostly high tops). The dining room has 54 seats and has live music weekly. There is a function room that can seat 75 guests and a large “team table” that seats 16. The business is in a trendy part of the city that has been steadily growing in population and traffic on the road is reported to be over 13,000 vehicles per day. The owner is ready to transition this restaurant to a new owner and to retire. He will stay on for the transition. Financials Asking Price: $420,000 Gross Revenue: $2,225,856 Cash Flow: $236,377 FF&E: $75,000 +/- (included in the sale price) Inventory: $25,000+/- (included in the sale price) Real Estate: Leased at $14,500/month Year Established: 1989 Employees: 15 FT, 17 PT (including seller) Payroll: $ 732,244/ year Hours of Operation: Monday-Saturday: 11 AM – 9 PM, Sunday 3:00 PM – 9:00 PM Opportunities for growth: Potentially open earlier on Sunday and consider catering. Note: Financials are seller-provided and not audited by Inbar Group, Inc.
Owner is seeking retirement
Potentially open earlier on Sunday and consider catering.
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Price: $420,000
Location: Cumberland County, Maine
Industry: Food and Restaurants
Listing ID: CM82323
This attractive, 8,000 square foot, turnkey restaurant serves a complete menu of pizza, calzones, sandwiches, Italian foods, fried foods, a huge list of appetizers and salads. This restaurant boasts 4.5/5 stars on Trip Advisor and 4.4/5 stars on Google, so it’s clear that their customers love them! They have a full liquor license for the restaurant as well as a separate beer & wine license for take-out. The bar seats 18, plus 40 (mostly high tops). The dining room has 54 seats and has live music weekly. There is a function room that can seat 75 guests and a large “team table” that seats 16. The business is in a trendy part of the city that has been steadily growing in population and traffic on the road is reported to be over 13,000 vehicles per day. The owner is ready to transition this restaurant to a new owner and to retire. He will stay on for the transition. Financials Asking Price: $420,000 Gross Revenue: $2,225,856 Cash Flow: $236,377 FF&E: $75,000 +/- (included in the sale price) Inventory: $25,000+/- (included in the sale price) Real Estate: Leased at $14,500/month Year Established: 1989 Employees: 15 FT, 17 PT (including seller) Payroll: $ 732,244/ year Hours of Operation: Monday-Saturday: 11 AM – 9 PM, Sunday 3:00 PM – 9:00 PM Opportunities for growth: Potentially open earlier on Sunday and consider catering. Note: Financials are seller-provided and not audited by Inbar Group, Inc.
Gross Revenue: $2,225,856
Cash Flow: $236,377
FFE: $75,000 (Included in price)
Inventory: $25,000 (Included in price)
Reason for Sale: Owner is seeking retirement
Year Established: 1989
Days & Hours of Operation: Monday-Saturday: 11 AM – 9 PM, Sunday 3:00 PM – 9:00 PM
Lease Option: Building is leased at $14,000 per month
Monthly Rent: $14,000
Potential Growth: Potentially open earlier on Sunday and consider catering.
"*" indicates required fields
Price
$420,000
Location
Cumberland County, Maine
Industry
Food and Restaurants
Listing ID
CM82323
This attractive, 8,000 square foot, turnkey restaurant serves a complete menu of pizza, calzones, sandwiches, Italian foods, fried foods, a huge list of appetizers and salads.
This restaurant boasts 4.5/5 stars on Trip Advisor and 4.4/5 stars on Google, so it’s clear that their customers love them!
They have a full liquor license for the restaurant as well as a separate beer & wine license for take-out.
The bar seats 18, plus 40 (mostly high tops). The dining room has 54 seats and has live music weekly. There is a function room that can seat 75 guests and a large “team table” that seats 16.
The business is in a trendy part of the city that has been steadily growing in population and traffic on the road is reported to be over 13,000 vehicles per day.
The owner is ready to transition this restaurant to a new owner and to retire. He will stay on for the transition.
Financials
Asking Price: $420,000
Gross Revenue: $2,225,856
Cash Flow: $236,377
FF&E: $75,000 +/- (included in the sale price)
Inventory: $25,000+/- (included in the sale price)
Real Estate: Leased at $14,500/month
Year Established: 1989
Employees: 15 FT, 17 PT (including seller)
Payroll: $ 732,244/ year
Hours of Operation: Monday-Saturday: 11 AM – 9 PM, Sunday 3:00 PM – 9:00 PM
Opportunities for growth: Potentially open earlier on Sunday and consider catering.
Note: Financials are seller-provided and not audited by Inbar Group, Inc.
Owner is seeking retirement
Potentially open earlier on Sunday and consider catering.
Administration and Mail
209 West 29th Street
Suite 318
New York, NY 10001
Phone: 212-473-5000
1245 Farmington Ave
Suite #302
West Hartford, CT 06107
Phone: 860-474-8000
1001 Liberty Ave, 5th Floor
Pittsburgh, PA 15222
Phone: (215) 461-5000
Two Liberty Place
50 South 16th Street
17th floor
Philadelphia, PA 19102
Phone: 215-388-2334