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Southern Maine Restaurant 3 Oak St

6,400 SF Retail Building Alfred, ME 04002 £1,889,655 (£295/SF)

Investment Highlights

  • Recently refurbished & regular clientele with 85% repeat clientele provide turnkey opportunity
  • Ideal location for gatherings and events
  • Outdoor Seating in two distinct locations
  • Turn-key and offering upside potential for increased revenue and profits
  • Indoor / Outdoor fireplace
  • Spacious bars / Ample parking

Executive Summary

An exceptional opportunity to acquire a turnkey, well-established, and highly profitable Southern Maine restaurant. The establishment features beautiful dining rooms and a welcoming bar, complemented by two outdoor patios—one of which features a cozy wood-burning fireplace. Inside, guests are greeted by a grand lobby with its own fireplace.
Events
Host 200+ parties a year
The interior layout and design make it perfect for hosting a wide range of memorable events, including baby showers, bridal showers, memorial services, weddings, anniversary parties, club meetings, Christmas parties, and more.

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,400 SF
Building Class
B
Year Built
1890
Price
£1,889,655
Price Per SF
£295
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
2.58 AC
Zoning
Center Village/business

About 3 Oak St , Alfred, ME 04002

Features beautiful dining rooms and a welcoming bar, complemented by two outdoor patios— one of which features a cozy wood-burning fireplace. Inside, guests are greeted by a grand lobby with its own fireplace, creating a warm and inviting atmosphere accompanied by oversized, comfortable chairs. New hardwood floors throughout the restaurant enhance the aesthetic appeal, contributing to the unique establishment's overall sophisticated yet intimate feel. The restaurant is fully staffed with a team of highly trained and dedicated professionals. Many of the front-of-house employees are cross-trained between the bar and service, ensuring flexibility and seamless operations. The staff's loyalty to the establishment is a testament to their satisfaction with wages that are competitive with or exceed market standards. This team is likely to remain committed under new ownership, providing a smooth transition for continued success.

  • Listing ID: 33324099

  • Date on Market: 27/09/2024

  • Last Updated:

  • Address: 3 Oak St, Alfred, ME 04002

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