Asking Price: $2,500,000

Gross Revenue: $4,200,000

Cash Flow: $525,000

Inventory: $150,000 (Included in Asking Price)

Real Estate: $1,750,000 (Included in Asking Price)

Seller Financing: Seller/Bank $500,000 on Biz. Bank $1,250,000 on R.E. Down $750,000. Working Capital Needed $100,000

This working Maine lobster wharf and fresh seafood restaurant are located in a picturesque Maine harbor. The thriving lobster wholesale business, commercial fishing supplies and fuel sales work synergistically with the seasonal restaurant that features lobsters, chowders and clams “fresh from the boat.” The purchase includes a newly constructed office building with a second floor two-bedroom apartment overlooking the harbor. The combination of commercial customers and seasonal tourists makes for excellent year round business.

Year Established: 1930

Employees: 4 full time - 20 part time

Facilities: The real estate includes 4 buildings on a large wharf with several attached docks and slips. Buildings include the restaurant and outdoor deck seating, a two-bedroom apartment, and several storage and supplies buildings.

Market Outlook and Competition: The business has a unique niche with the only dockside restaurant in the area. The lobster wharf maintains a steady clientele and has long term relationship with out of state buyers. There are many expansion opportunities for both operations. The restaurant can add full liquor sales and fried foods, expand its tie-up dock and pursue off-site catering. The commercial operation can expand its capacity by adding on-site storage tanks and broadening its supplies.

Management Training and Support: Seller will provide transition training and consulting.

Reason For Selling: Seller has other business interests.