Restaurant/Bar with Premier Location in Portland Maine

Monday, 07 April 2008 15:03

Great Opportunity! The build-out is beautiful and the facilities are like new. This is a must see location with tremendous conversion potential.

Facility	6,000 square foot stand alone restaurant with 200 seats plus a 50 seat outdoor deck. The site has a very high traffic count and 250 parking spaces. Private room and patio are unique features for the Mall area. Internet & Multimedia ready.
Opportunity	The location is great for almost any concept. It has a long lease with a below market rent rate. The numbers could be grown quickly with a different concept and an increased focus on the bar. The layout is configured for a strong restaurant and bar business. Well trained and respected personnel.
Rent	$16,083 NNN with 15 years left on the lease with three (3) ten (10) year options.
Lease	20 years with 3 renewal options of 10 years each
Sales	The current owners are grossing $2,500,000 per year and trending upward. A different concept here could do far better.
Price	The asking price for the business is $950,000

For more information please contact Corbett Restaurant Group 617-948-3394