Iconic Portland Eatery: The Gold Standard of Quality and Profits

Listing Number: 49532-687766

Description

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 FT 0 PT 3 Contractors
Inventory: $150,000 (Liquor + Ave food inventory)
Reason for Selling: Retirement

Listing Details

• Price: $785,000
• Down Payment: --
• Sellers Discretionary Earnings: $0
• Total Sales: $0
• Location: Maine


• Inventory: $150,000
• FF&E: $150,000
• Employees:
• Reason for Selling: Retirement
• Category: Restaurants