180-Seat Restaurant on Mile Road, Wells Maine

Turn Key 180 Seat Restaurant & 3BDRM Apartment
60 Mile Road, Wells, Maine

$2,490,000

INVESTMENT HIGHLIGHTS

Varano’s Ristorante Italiano is an established restaurant offering a classic Italian fine dining experience. Established c.2000 with a focus on family heritage recipes and sauces, local produce, cheeses and organic meats, Varano’s is also well known for offering the widest wine selection in the trade area. The restaurant enjoys a diverse array of demand generators including enormous seasonal tourism from May through September, plus year-round demand from significant area employers. Further, business revenues are additionally enhanced with ongoing demand for corporate events, rehearsal dinners and family functions.

This excellent restaurant location could be re-invented with a new, higher yielding concept. Located in a well traveled trade and beach tourism area with a diverse customer base of locals, tourist and business travelers alike, this restaurant venue generates proven, robust revenues. With 150 +/- indoor seats, a full bar, a brand new 30 +/- seat outdoor patio, and ample on site parking, this property is ideally suited for:

  • Brick Oven Pizzeria
  • Mexican Concept
  • Sports Pub
  • Steak House
  • Cafe w/ Retail Provisions

The property also includes an upper level configured as a spacious, 3-bdrm, 2-ba residential dwelling unit. This unit may be rented separately or offered to restaurant management or staff.