Hallowell riverfront restaurant/bar/ Pizzeria for sale

Business Opportunity for Sale
Catylist Listing ID: 30875327
Property Subtypes: Food and Beverage
Building Size (RSF): 2,000 SF
Sale Price: $395,000
Name of Establishment: Burano's
Year Business Established: 2021
Gross Revenue: $1,000,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to seller
Last Updated: 8/16/2024

Overview / Comments

Premier downtown Hallowell riverfront restaurant/bar for sale. Restaurant/bar comes fully equipped with staffing in place. Franchise opportunity for buyer with existing concept or opportunity for other branded or independent brands,. Sale includes 1500 sf plus outside heated deck overlooking the Kennebec River.

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: To be negotiated.
Employee/Labor Description: Fully staffed
Mgmt/Training Support Description: Owner will assist with training.
Growth/Expansion Opportunities: Ideal opportunity for owner/operator to grow business.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,527 17,969 30,929
Median Age: 48.02 43.46 43.56
Households: 807 8,142 13,943

Contact

Photograph of Listing Agent

Robert Baldacci

FO Bailey Real Estate
NECPE Member
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