Inn With Mid-Size Restaurant In Coastal Town
Location:
United States
->
Maine
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Real Estate Included. Originally the home of a prominent sea captain this Inn has a long colorful history and is a local favorite. Located in a picturesque mid-coast Maine harbor town the Inn is well known for charming ambiance, fine dining and beautifully appointed guest rooms. Currently opened year round the restaurant serves an eclectic menu of traditional New England fare and adventurous American cuisine with international touches.
The restaurant has small and mid-sized dining rooms, some with fireplaces, as well and a separate pub and a large outdoor dining area. Each room has its own unique charm and offers the ability to have private functions without closing to the public. The current owners have made many improvements to the building, kitchen and equipment. This is truly a turn-key operation.
This is a well established business with a solid track record of profitability and growth. The guest rooms provide additional income with a high profit margin to supplement the restaurants earnings.
If you are serious about owning an Inn with a mid-size successful restaurant in Maine please inquire for more information. The current owner has an SBA loan with a favorable 20 year fixed interest rate that may be transferable. Contact for more information on this Inn & Restaurant business for sale.
Would consider sale of restaurant business alone. ($395k with 5 - 10 year lease)
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$750,000
Cash Flow:
$150,000
Cash Flow Type: EBITDA
Seller Financing: Not Disclosed
About The Business
Year Established: 2003
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Owned
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70026456
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