Prime Restaurant with High-Value Real Estate
By Deal Studio
Asking Price
$3,900,000
SDE
$354,714
EBITDA
Industry
$465,699
Restaurant and Food, American Restaurants, Miscellaneous Restaurants and Bars, Other Restaurants and Food
Gross Revenue
Location
$2,742,349
Penobscot County
This multi-faceted dining and entertainment venue, established in 2012, has become a cornerstone of its community. The establishment offers a diverse array of chef-inspired American cuisine and a robust entertainment lineup, including live concerts, comedy shows, and sports events. The venue is designed to provide an engaging customer experience, with spaces for dining, live performances, a sports lounge, and banquet facilities for private functions.
This venue’s strategic location offers accessibility and proximity to local attractions, benefiting both residents and visitors. The premises are well-maintained, reinforcing the establishment’s commitment to providing an exceptional environment for dining and entertainment.
The business differentiates itself through a comprehensive service offering, catering to a broad range of customer preferences, from dining to vibrant social events. The focus on high-quality, locally sourced ingredients strengthens the business's connection to the community and supports local agriculture, further enhancing its reputation.
The establishment maintains a well-stocked inventory that includes a variety of local ingredients, including Maine beef, lobster, and fresh seafood, as well as vegetarian and gluten-free options to accommodate diverse dietary needs. The beverage selection includes a wide array of beers, wines, and spirits, suited for both the sports lounge and dining areas.
Key investments in equipment ensure top-tier service, including state-of-the-art kitchen appliances, refrigeration, and bar facilities. The venue also features high-definition televisions, advanced sound systems for live events, and a computerized point of sale (POS) system to streamline operations. Banquet facilities are equipped with audio-visual equipment to support diverse events, making the venue a versatile space for both dining and entertainment needs.
Internal ID
016
Year Established
2012
Financing Notes
SBA & FAME
FF&E
$1,080,000
Inventory
$49,955
Real Estate
$3,000,000
Real Estate Included
Yes
Reason for Selling
Entering retirement
Facilities & Assets
Include a spacious dining area designed for comfort, featuring both booth seating and tables to accommodate a variety of guest preferences. A large, well-stocked bar area is available, offering an extensive drink menu. The venue also boasts a stage for live music and comedy performances, creating a vibrant entertainment atmosphere. The event space is versatile and ideal for hosting private functions and corporate gatherings. Additionally, the restaurant includes ample parking for guests.
Support & Training
The current owners have agreed to stay on for an agreed-upon period to ensure a seamless transition. The business is supported by a highly knowledgeable and experienced General Manager, who is well-versed in all aspects of operations, the owners' continued involvement will provide additional support in navigating any challenges and seizing growth opportunities.
Market & Competition
The business operates in a competitive environment, distinguishing itself with a diverse offering that appeals to a broad customer base, including live music, comedy, sports events, and a menu focused on local ingredients and dietary preferences. Its unique combination of entertainment services and high-quality, chef-inspired cuisine sets it apart from competitors. Located near popular attractions, the business benefits from local and tourist foot traffic, with few competitors offering a similar mix of services.
Growth & Expansion
Expanding catering and event planning services to corporate clients and larger events could tap into unexplored market segments. Additionally, leveraging online marketing and social media platforms more aggressively could drive customer engagement and attract a broader audience. The increasing trend toward local and sustainably sourced food presents an opportunity to further capitalize on the business's existing strengths in offering local ingredients, potentially opening avenues for collaboration with local farmers and suppliers.
Asking Price
$3,900,000
SDE
$354,714
EBITDA
Industry
$465,699
Restaurant and Food, American Restaurants, Miscellaneous Restaurants and Bars, Other Restaurants and Food
Gross Rev.
Location
$2,742,349
Penobscot County
This multi-faceted dining and entertainment venue, established in 2012, has become a cornerstone of its community. The establishment offers a diverse array of chef-inspired American cuisine and a robust entertainment lineup, including live concerts, comedy shows, and sports events. The venue is designed to provide an engaging customer experience, with spaces for dining, live performances, a sports lounge, and banquet facilities for private functions.
This venue’s strategic location offers accessibility and proximity to local attractions, benefiting both residents and visitors. The premises are well-maintained, reinforcing the establishment’s commitment to providing an exceptional environment for dining and entertainment.
The business differentiates itself through a comprehensive service offering, catering to a broad range of customer preferences, from dining to vibrant social events. The focus on high-quality, locally sourced ingredients strengthens the business's connection to the community and supports local agriculture, further enhancing its reputation.
The establishment maintains a well-stocked inventory that includes a variety of local ingredients, including Maine beef, lobster, and fresh seafood, as well as vegetarian and gluten-free options to accommodate diverse dietary needs. The beverage selection includes a wide array of beers, wines, and spirits, suited for both the sports lounge and dining areas.
Key investments in equipment ensure top-tier service, including state-of-the-art kitchen appliances, refrigeration, and bar facilities. The venue also features high-definition televisions, advanced sound systems for live events, and a computerized point of sale (POS) system to streamline operations. Banquet facilities are equipped with audio-visual equipment to support diverse events, making the venue a versatile space for both dining and entertainment needs.
Internal ID: 016
Year Established: 2012
Financing Notes: SBA & FAME
FF&E: $1,080,000
Inventory: $49,955
Real Estate: $3,000,000
Real Estate Included: Yes
Reason for Selling
Entering retirement
Facilities & Assets
Include a spacious dining area designed for comfort, featuring both booth seating and tables to accommodate a variety of guest preferences. A large, well-stocked bar area is available, offering an extensive drink menu. The venue also boasts a stage for live music and comedy performances, creating a vibrant entertainment atmosphere. The event space is versatile and ideal for hosting private functions and corporate gatherings. Additionally, the restaurant includes ample parking for guests.
Support & Training
The current owners have agreed to stay on for an agreed-upon period to ensure a seamless transition. The business is supported by a highly knowledgeable and experienced General Manager, who is well-versed in all aspects of operations, the owners' continued involvement will provide additional support in navigating any challenges and seizing growth opportunities.
Market & Competition
The business operates in a competitive environment, distinguishing itself with a diverse offering that appeals to a broad customer base, including live music, comedy, sports events, and a menu focused on local ingredients and dietary preferences. Its unique combination of entertainment services and high-quality, chef-inspired cuisine sets it apart from competitors. Located near popular attractions, the business benefits from local and tourist foot traffic, with few competitors offering a similar mix of services.
Growth & Expansion
Expanding catering and event planning services to corporate clients and larger events could tap into unexplored market segments. Additionally, leveraging online marketing and social media platforms more aggressively could drive customer engagement and attract a broader audience. The increasing trend toward local and sustainably sourced food presents an opportunity to further capitalize on the business's existing strengths in offering local ingredients, potentially opening avenues for collaboration with local farmers and suppliers.
Prime Restaurant with High-Value Real Estate
Asking Price
$3,900,000
SDE
$354,714
EBITDA
Industry
$465,699
Restaurant and Food, American Restaurants, Miscellaneous Restaurants and Bars, Other Restaurants and Food
Gross Revenue
Location
$2,742,349
Penobscot County
This multi-faceted dining and entertainment venue, established in 2012, has become a cornerstone of its community. The establishment offers a diverse array of chef-inspired American cuisine and a robust entertainment lineup, including live concerts, comedy shows, and sports events. The venue is designed to provide an engaging customer experience, with spaces for dining, live performances, a sports lounge, and banquet facilities for private functions.
This venue’s strategic location offers accessibility and proximity to local attractions, benefiting both residents and visitors. The premises are well-maintained, reinforcing the establishment’s commitment to providing an exceptional environment for dining and entertainment.
The business differentiates itself through a comprehensive service offering, catering to a broad range of customer preferences, from dining to vibrant social events. The focus on high-quality, locally sourced ingredients strengthens the business's connection to the community and supports local agriculture, further enhancing its reputation.
The establishment maintains a well-stocked inventory that includes a variety of local ingredients, including Maine beef, lobster, and fresh seafood, as well as vegetarian and gluten-free options to accommodate diverse dietary needs. The beverage selection includes a wide array of beers, wines, and spirits, suited for both the sports lounge and dining areas.
Key investments in equipment ensure top-tier service, including state-of-the-art kitchen appliances, refrigeration, and bar facilities. The venue also features high-definition televisions, advanced sound systems for live events, and a computerized point of sale (POS) system to streamline operations. Banquet facilities are equipped with audio-visual equipment to support diverse events, making the venue a versatile space for both dining and entertainment needs.
Internal ID
016
Year Established
2012
Financing Notes
SBA & FAME
FF&E
$1,080,000
Inventory
$49,955
Real Estate
$3,000,000
Real Estate Included
Yes
Reason for Selling
Entering retirement
Facilities & Assets
Include a spacious dining area designed for comfort, featuring both booth seating and tables to accommodate a variety of guest preferences. A large, well-stocked bar area is available, offering an extensive drink menu. The venue also boasts a stage for live music and comedy performances, creating a vibrant entertainment atmosphere. The event space is versatile and ideal for hosting private functions and corporate gatherings. Additionally, the restaurant includes ample parking for guests.
Support & Training
The current owners have agreed to stay on for an agreed-upon period to ensure a seamless transition. The business is supported by a highly knowledgeable and experienced General Manager, who is well-versed in all aspects of operations, the owners' continued involvement will provide additional support in navigating any challenges and seizing growth opportunities.
Market & Competition
The business operates in a competitive environment, distinguishing itself with a diverse offering that appeals to a broad customer base, including live music, comedy, sports events, and a menu focused on local ingredients and dietary preferences. Its unique combination of entertainment services and high-quality, chef-inspired cuisine sets it apart from competitors. Located near popular attractions, the business benefits from local and tourist foot traffic, with few competitors offering a similar mix of services.
Growth & Expansion
Expanding catering and event planning services to corporate clients and larger events could tap into unexplored market segments. Additionally, leveraging online marketing and social media platforms more aggressively could drive customer engagement and attract a broader audience. The increasing trend toward local and sustainably sourced food presents an opportunity to further capitalize on the business's existing strengths in offering local ingredients, potentially opening avenues for collaboration with local farmers and suppliers.
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