Newly Established Restaurant for Sale

Business
  • Listing# : 18608
  • Listed Price : $500,000
  • Total Sales : $484,842
  • SIC : 5812
  • Down Payment : $500,000
  • Status : Active
  • Discretionary Earnings : N/A

Business Type :

Restaurants / Seafood Restaurant

Business Description :

The restaurant opened in August of 2022. Originally, the building was a heritage building, but the present owners envisioned a first class community restaurant to attract locals and tourists alike. The restaurant is next to the largest lobster fishing grounds in the world. The new owner completely renovated the building to include a large, well defined dining room, all brand-new kitchen equipment, a deck patio, and even an ice cream window.

Assets/Liabilities:

    • Accounts Receivable $7,118
    • Incl : No
    • Real Estate $400,000
    • Incl : Yes
    • Inventory $17,898
    • Incl : Yes
    • Liabilities $257,207
    • Incl : No
    • FF&E $224,311
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $642,209
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Restaurants