30-Year-Old Iconic Family Restaurant With Property For Sale

Description

The asking price is two million five hundred thousand dollars. Restaurant cash flow, with seller's discretionary earnings, is approximately three hundred ninety thousand dollars. Apartment rentals add fifty four thousand dollars of income. An additional thirty four thousand dollars annually will follow once the vacant offices are rented. This is a rare opportunity to acquire a thirty plus year established restaurant along with the underlying mixed use commercial real estate in Oxford County, Maine. The property contains a restaurant, three apartment units, and a commercial office space with six individual office rentals. The restaurant business portion is valued at approximately nine hundred thousand dollars and generates an impressive seller's discretionary earnings of approximately three hundred ninety thousand dollars annually. The remaining value is supported by the income producing real estate and rental components. Highlights include over thirty years of successful operation, a prime location, mixed use buildings containing a restaurant, three apartment units, and a commercial office space with six individual office rentals, strong annual seller's discretionary earnings of approximately three hundred ninety thousand dollars, real estate included in the sale, multiple revenue streams from business and tenants, SBA financing available with a pre approved lender program requiring as little as ten percent down for qualified buyers, and a seller willing to remain for up to one year or longer subject to mutually agreed terms to ensure a smooth transition and continued success. This opportunity is ideal for an owner operator, investor, or hospitality group seeking a profitable turnkey business backed by valuable income producing real estate. A signed confidentiality agreement is required for the exact location.