Asking Price: $150,000

Gross Revenue: $1,100,000

Cash Flow: $135,000

FF&E: $100,000 (Included in Asking Price)

Seller Financing: Anticipated Seller $100,000. Down Payment $50k. Working Capital Needed $50k

One of Central Maine’s largest and longest operating banquet facilities and restaurants. Full turnkey buffet operation with over 200 seats and a banquet room that can accommodate up to 350-person functions. Long term history of one million plus in annual sales. All furniture and equipment included in sale.

Year Established: 1955

Employees: 4 full time - 15 part time

Facilities: The building may be leased or is available for sale. It features ample parking, outdoor signage and a convenient location on a major thoroughfare. The first floor houses the main restaurant, bathrooms, kitchens and banquet rooms. The second floor houses several small meeting rooms and the offices. A bar and club are located on the basement level.

Market Outlook and Competition: The business is located in a market area that is served by national chain restaurants but underserved by local specialty restaurants. The business’ long history gives has given it a solid niche in the local restaurant market. Buffet restaurants have a perceived value that generates strong sales during economic slow downs. Well operated buffets can provide superior margins over traditional menu items. The business’ proximity to the state capital and the lack of large banquet facilities in the area give it a competitive edge for weddings, conventions and government functions. The excellent business opportunity combined with a favorable sales price makes this a superb business and investment opportunity.

Management Training and Support: Support training will be provided as needed.

Reason For Selling: Corporate restructuring – divesting operations.