Waterfront Restaurant/Event Center
Woolwich, ME
| Asking Price: | $3,995,000 |
| Gross Revenue: | $2,455,188 |
| Real Estate: | $3,292,000 |
| Cash Flow: | $574,916 |
| FF&E: | $187,300 |
| Established Year: | 1978 |
Listing ID: 2249211Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well-established Midcoast restaurant located in a popular high traffic tourist area. The restaurant specializes in fresh seafood complimented by great steak in a fun atmosphere including gorgeous views of the Maine coast. Customers come from all over the world, but the owner makes a concerted effort to cater to the locals. The hardworking, dedicated employees are treated like family and come back year after year, contributing to the restaurant's longtime success.
This restaurant can accommodate busses and can cater weddings for groups of 50 to 300 guests in its function area. They have the parking, staff, the kitchen space, and the ability to do what no other restaurant in Maine can.
DETAILED INFORMATION
Location
Woolwich, ME
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
16,310
Employees
27
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 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
Report an Issue with this listing
