Great opportunity for an aspiring Restauranteur

Brewer, ME
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Asking Price:$149,000
Inventory:$12,000
Established Year:2021
Gross Revenue:$964,548
FF&E:$132,000
BUSINESS DESCRIPTION

Mad Kat & Company, established in March 2021, is a leading establishment in the restaurant and alcoholic beverage industry, located at 393 North Main Street, Brewer, ME. The business prides itself on being a versatile venue that offers a blend of dining, entertainment, and private event-hosting services. With a solid business model that derives revenue from food and beverage sales (90%) and rental income (10%), the company maintains a competitive edge through its unique offerings such as karaoke, trivia nights, and high-quality audio-visual entertainment. Despite its relatively recent entry into the market, Mad Kat & Company has established a loyal customer base that frequents the establishment daily.

The business benefits from a long-term lease, with 16 years remaining, ensuring stability and location continuity for prospective buyers. The operational premises are well-suited to support the business's current and future endeavors within the drinking and dining industry.

As an entity in the restaurant and alcoholic beverage industry, Mad Kat & Company adheres to all relevant federal, state, and local regulations. It maintains all necessary licenses to operate legally, including liquor licenses, health and safety permits, and any other required operational permits. Compliance with these regulations ensures the smooth operation of the business and secures its reputation among customers and within the broader community.


Mad Kat & Company offers a comprehensive entertainment and dining experience. The establishment features an array of amenities, such as 11 TVs for sports viewing, weekly entertainment in trivia, karaoke nights, and a private event room for hosting various functions. The venue caters to a broad audience by providing a fun, welcoming environment complemented by a menu of American pub food and drinks. The business operates from Tuesday to Sunday and actively engages with its clientele through scheduled events.


DETAILED INFORMATION
Location
Brewer, ME
Inventory
Not Included in asking price
Employees
24
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Mad Kat & Company operates from an 8,437-square-foot leased facility, centrally located to serve its clientele. This space includes a 2,600-square-foot private event room that accommodates events of various sizes, providing additional revenue streams through rentals.
Competition
Mad Kat & Company distinguishes itself through a unique combination of entertainment services. Unlike nearby competitors, who offer higher prices without entertainment and lack atmosphere, Mad Kat & Company is the go-to place for food, drinks, and entertainment.
Growth & Expansion
The future outlook for Mad Kat & Company is optimistic. The business has demonstrated resilience and adaptability since its inception, building a strong customer base and a reputable brand in a competitive market. With the evolving demand for versatile drinking and dining options, plus the added value of a private event space, there are significant opportunities for growth and expansion. Strategic marketing, along with the potential to extend service offerings and operational days, could further enhance revenue streams and profitability.
Financing
SBA & FAME
Support & Training
The owners are willing to stay on for an agreed-upon amount of time.
Reason for Selling
Entering Retirement
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Gabe
Bamford
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Gabe Bamford