Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$150,000	Inventory
Gross Income	$1,100,000	Real Estate
Cash Flow	$135,000	Year Established	1955
FF&E	$100,000*	Employees	19

* included in the asking price

** not included in the asking price

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.

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.

Competition: The business is located in a market area that is served by national chain restaurants but underserved by local specialty restaurants. The businesses 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.

Growth/Expansion: 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.

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

Support/Training: Support training will be provided as needed.

Reason Selling: Corporate restructuring divesting operations.