Charming turnkey water-view establishment

Belfast, ME
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Seller Financing Available

Asking Price:$275,000
Rent:$1,500/Month
Established Year:2019
Gross Revenue:$240,000
EBITDA:$50,000
BUSINESS DESCRIPTION

Operate profitable breakfast/lunch biz as is or change to your vision.

Pursue your dream of running your own restaurant in beautiful Midcoast Maine with this established business located in picturesque downtown Belfast near the waterfront. This profitable turnkey restaurant business was established in 2019 with a complete renovation and redesign of a charming restaurant space across the street from a water front park,


DETAILED INFORMATION
Location
Belfast, ME
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
610
Facilities
Space was completely renovated in 2018/19 with all new equipment including double convection ovens, commercial kitchen hood, gas range, flat top, fryers, dishwasher, refrigerators, freezer, deli case, and 3-basin sink. Indoor seating is available for up to 19 patrons including six tables and two high top bars. Also tables and chairs are included for an additional 12-20 people for outdoor dining.
Competition
Belfast is the county seat of Waldo County with a hospital, shipyard, several local manufacturing companies, artists, and a vibrant downtown, creating a year-round community in addition to the summer tourist season. The convenient water front location near the harbor walking path and Heritage Park draws customers to the location. There are also several festivals and the farmers market that bring people to this small business friendly city by the sea.
Growth & Expansion
This business has been operating since 2019 serving breakfast and lunch, four days per week in winter months, and five days per week in the summer months. Opportunities are available to increase revenue by extending the lunch hours past 1pm and by increasing the number of days the business is open. Also, opening for dinner could provide a significant increase in revenue with the outdoor dining and bay view being very attractive to locals and visitors alike.
Support & Training
The buyer can take-over the existing operations with the business name, social media accounts, and recipes to offer the same quality menu items and dining experience. This is a turn-key business opportunity with all necessary appliances, furniture, dinnerware, and service items included.
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Business Listed By:
Not Disclosed
Listed By: Not Disclosed