Listing Number: 49532-212553
Description
The iconic Village Grill in Damariscotta, is for sale. This is an incredible and rare opportunity to own a highly-profitable, seasonal business. This turn-key operation is well-maintained and ready to go !Maine’s tourism industry continues to break records and there’s no place more popular than Maine’s Midcoast region. This business offers the opportunity for your to capitalize on that popularity and earn a year’s salary in half the time.
This eatery has long been popular with locals and tourists alike. Serving a wide selection of fresh Maine seafood, as well as pizza and other popular items, this place is busy from lunch until dusk. Located on a prime location, the building is update to date with well-maintained and newer equipment. While the RE is not available the landlord is more than willing to negotiate a favorable lease.
The restaurant had sown very strong earnings over the last several years. Under new ownership this year, the owner was unable to dedicate the necessary time for the business as he already owned another operation and they had to limit hours as a result. A new owner could easily meet and surpass the previous revenue totals if they were willing and able to be directly involved.
As a result the sale price is discounted and priced to sell. The sale comes with all FF&E, inventory, new POS system and recipes. There are a number of experienced staff who are also willing to return.
Don’t miss your chance to operate this popular eatery this spring and enjoy a lucrative summer!
Listing Details
- Price: $ 125,000
- Down Payment: $125,000
- Sellers Discretionary Earnings: $ 55,000
- Total Sales: $ 240,000
- Location: Lincoln County, Maine
- Inventory: $ 1,500
- FF&E: $ 25,000
- Employees:
- Reason for Selling: Other
- Category: Restaurants
