Description
An extraordinary opportunity to acquire a quintessential Maine coastal destination and institutional landmark operating continuously for over 30 years. Located directly on the waterfront, the restaurant is a major draw for tourist and locals alike. The restaurant boasts an impressive following and has built an intensely loyal, multi-generational customer base.
Key Features & Operational Highlights:
- Deep Management Strength: Operates with an experienced staff.
- High-Margin Menu & Revenue Mix: Culinary offerings on seafood, raw bar, craft beers, and specialty cocktails. .
- Built-in Quality-of-Life Seasonality: Closes for 2 months.
- Great Location
Detailed Information:
Asking Price for Business: $3,900,000 (plus inventory)
Asking Price Real Estate: $3,000,000
Total Package Price (Business + Real Estate): $6,900,000
Revenue: $5,000,000 to $6,000,000
Seller’s Discretionary Earnings: Provided with NDA
Inventory: TBD (Not included in the business asking price)
FF&E (Furniture, Fixtures & Equipment): TBD
Real Estate & Facility Overview
- Property Type: Commercial Waterfront / Restaurant Real Estate with off street parking.
- Seating Capacity: Accommodates approximately 200 guests.
- Location Highlights: High-visibility location on the waterfront, providing a steady stream of seasonal tourist traffic and local diners.
Competition / Market Position: Although there are several local seafood options, none offer both superior customer reviews and a direct waterfront setting.
Growth & Expansion Opportunities: Will be provided in the confidential package.
Support & Training: Staff in place to assist in the transition.
Reason for Selling: Divestiture
Financing: Pre-qualification or proof of funds required prior to detailed disclosure.
To Receive the Confidential Package on this business with real estate, please complete the attached NDA and email to info@firststreetbb.com or fax back to us at 603-501-3241. The location noted on the map is incorrect due to the high level of confidentiality.
The Broker of record for the real estate is Aland Commercial at 603-501-0463.