Restaurant and Banquet Facility with Real Estate in Old Orchard Beach, ME

This is a well-established Restaurant and Banquet Facility located in the popular vacation destination of Old Orchard Beach, Maine. Purchased and renovated in 2015 for $100,000, the business, known as Duffy's, has built an excellent reputation and consistently attracts repeat customers. It features a 200-seat restaurant and a 250-seat banquet hall, regularly hosting weddings and events. The sale includes 3.7 acres of prime real estate, comprising the restaurant, a three-bedroom home, a two-family apartment building, and two seasonal cottages for workforce housing. The spacious restaurant space offers flexibility for repurposing into other hospitality ventures such as a brew pub, hotel, or elder care facility. The business is offered as an asset sale with real estate included. Financials show a Gross Revenue of $1,100,000 and an Asking Price of $2,300,000, with SDE in the range of $100,000-$300,000. FF&E and Inventory are valued at $120,000 each and are included in the sale.