Iconic Taste of Maine Restaurant

Woolwich, ME
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Asking Price:$4,500,000
Gross Revenue:$2,455,188
Real Estate:$3,292,000
Cash Flow:$574,916
FF&E:$187,300
Established Year:1978
BUSINESS DESCRIPTION

The Taste of Maine Restaurant serves fresh, mouth-watering Maine lobster and seafood, complemented by great steaks. The restaurant offers both a great atmosphere and gorgeous view of Pleasant Cove, one of the prettiest waterfronts in Maine. The Restaurant is famous for serving the World’s Largest Lobster Roll. The colossal sandwich is 24 inches long and filled with 1 1/4 pounds of fresh lobster meat.

The Taste of Maine Restaurant was Down East Magazine’s winner of the Best Lobster Roll in Maine in 2021. The restaurant has also won many awards in past Bath Holiday Parades, chowder competitions, and many others – all of which hang on the walls as you enter the building. However, the restaurant’s greatest achievement is being as successful as they are after 46 years in business.

Based on the restaurant’s location, water views, size and seating capacity, it's in a class of its own. This business is unique in its ability to accommodate busloads of diners. It can also cater weddings for groups of 50 to 300 guests in its function area(s). This business has the parking, staff, kitchen space, and the ability to do what few other restaurants in Maine can do.


DETAILED INFORMATION
Location
Woolwich, ME
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
16,310
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Main dining area, function room, kitchen, outdoor seating.
Competition
The business began offering online ordering in addition to dine-in service in 2021. This proved to be successful. There are other restaurants in the area that serve seafood, but none do it at the scale and as well as this restaurant does.
Growth & Expansion
Growing the restaurant’s Instagram account could potentially reach a new segment of potential customers, as could increasing advertising to a wider demographic.
Support & Training
Seller is willing to work with the new owners in order to show them everything they need to succeed.
Reason for Selling
Retiring
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Kirk
Butterfield
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Kirk Butterfield