Friday, January 23, 2009

Two Businesses For Sale in Old Port

Here's a couple of listings for businesses for sale in the old port. One is a 'sandwich shop,' and the other appears to be a gift shop. Not sure what they are, though the sandwich shop is owned by a minister - any guesses?
Year Established: 1989
Employees: 2 full time - 2 part time
Facilities: This Sandwich shop is located in the heart of the Old Port in Portland, Maine. It services the business district during business hours and days limiting the length of the work week for an owner.
Market Outlook and Competition: This business enjoys a great reputation for food, service, and reasonable prices. The catering side of the business has ample room for expansion.
Asking Price: $65,000
Gross Revenue: $240,242
Seller Financing: Seller could provide some financing for a qualified operator.
Reason For Selling: Owner is a minister and is taking over a church in Northern Maine.

Year Established: 1977
Employees: 3 full time -
Facilities: Ideal location, with favorable long-term leases in place
Market Outlook and Competition: Located in Maine's premier shopping district, these "Old Port" locations attract customers from all over. You'll LOVE IT!
Asking Price: $390,000
Gross Revenue: $520,000
Cash Flow: $124,000
Inventory: $175,000 (Not Included in Asking Price)
FF&E: $100,000 (Included in Asking Price)
Seller Financing: Turn-key operation. Owner financing available for qualified buyers.
Reason For Selling: Retirement.
- BizQuest


Corey Templeton said...

The restaurant might be the 'old port sandwich shop' on the corner of Market and Newbury streets. Sounds like a pretty good deal, wherever it may be.

Elliott said...

I was thinking that too. Wonder how much O'Naturals is hurting them.