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Neighborhood Farm-to-Table in Yarmouth

RestaurantsFor Sale in Yarmouth, ME

Listing ID: 30724 | Broker Listing ID:

Financial & Assets Details

$868,000
$113,000
$61,600
$7,000
Yes
2600+/-

About the Business

2012
4 FT / 15 PT
$3,547

Business Description

Gather is a neighborhood restaurant featuring Maine food, music, and art, offering dinner, brunch, private events and take-out. This restaurant’s niche is putting the spotlight on Maine ingredients in a family-friendly environment with reasonable pricing. At all levels, the business is very relationship driven. It starts at the supplier-level with farmers, oyster growers, butchers, fisherman, etc., and continues at the customer level on a nightly basis.

75% of their patrons are consistent customers. With so many people moving to the area, the number of new customers is on the rise - especially young families. Customers are predominantly a mix of families and Boomers, but the younger crowd (20-30) typically comes for Sunday brunch. All age groups place value on Maine ingredients and supporting the local economy.

Growth & Expansion

Some restaurants are adding a food truck companion to their portfolio. A new owner could consider this. Take-out is here to stay, and anything that could be done to expand upon that would most likely be a success.

Breakfast is an unmet need in the area. Adding this could possibly draw in a new customer base.

Market Competition:

Very little competition existed in the area when the restaurant first opened. Since then, places have come and gone with surprisingly little impact. There are a handful of other restaurants in the area, but none offer the menu and atmosphere one can find at this restaurant.

Location Details:

2,600+/- SF with high ceilings, open dining area, and an exposed kitchen. Additional outdoor seating in warmer months.

Support & Training

2 weeks

Reason for Selling:

Ready for a new challenge

Listing ID: 30724

Contact Broker

Listings: 14 View My Listings

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