Iconic Portland Eatery: Gold Standard of Quality

Not Disclosed, ME


Asking Price: Annual Revenue:
$785,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Iconic Portland Eatery: Gold Standard of Quality Broker: Seth Silverton

Quick Facts

Asking Price: $785,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 959162496
Broker Reference #: 49532-687766

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

Take advantage of a once in a generation opportunity to own a Portland, Maine institution. This iconic restaurant is not only the gold standard for high end Maine eateries, it is also a profit making behemoth. Following a proven formula developed over forty years in the F&B industry, this 'jewel of the Portland restaurant scene’, featured on local tv and print media on numerous occasions, features a warm and inviting feel combined with seamless, friendly and professional service. The owner has structured a meticulous operational formula that is a virtual guarantee for transitional success and should serve as a definition for ’turn key’ in the industry. Defined by a spectacular liquor collection and top quality menu offerings, this restaurant has no real regional competition and stands alone at the top in its category in the greater Portland area. Staff is extremely dedicated and long tenured. Staff turnover is virtually unheard of. Do not miss this opportunity as restaurants of this quality rarely make it to the market.

Listing price $785,000.00
FF&E $150,000.00
Revenues: (2019) $898.436 (2020 COVID YEAR) $598,607
Location: Portland, Maine
Discretionary Income: $220,674 (Average of past 3 yrs)
Years in Business: 8
Years Owned: 8
Number of Employees: 11 Full Time 0 Part Time 3 Contractors
Inventory: $150,000 (Liquor + Ave food inventory)
Reason for Selling: Retirement

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!