Rare Restaurant & Inn with Real Estate
| Asking Price: | $7,499,000 |
| Gross Revenue: | $2,138,000 |
| Cash Flow: | $271,905 |
Popular Restaurant and Inn with HUGE potential for growth!
Rare Restaurant & Inn with 40 years of successful operation. This trophy property is located on a posh and popular New England Island with tons of tourist business. This mixed-use property is comprised of an Inn, large restaurant and a separate café. The property was recently appraised at $3.8 MM. The property could be re-developed and/or expanded. The Inn can be doubled in size, and features such as outdoor bars and/or a pool could be added! A new owner can change the existing restaurant concept, and the space could be retrofitted and designed to grow sales and profitability. Email us for more information!
FACILITY: Freestanding building
PARKING: 20 parking spots
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
CONCEPT: Restaurant & Inn
SIZE: Building is 15,680 square feet
SEATS: 82 inside, 155 outside
HOURS: Open 7 days for breakfast, lunch & dinner
LICENSES: Full Liquor & Entertainment License
SALES: $2,138,000
CASH FLOW: $271,905 in 2023
ASKING PRICE: $7,499,000 (For the entirety of the Business and Real Estate)
