1297 Bristol Rd - Specialty FOR SALE


Bristol, ME 04539 | 
$3,750,000 USD
207-352-0279
1297 Bristol Rd, Bristol, ME for Sale
$3,750,000 USD
Specialty - FOR SALE
1/60
null | Request Cap Rate

1297 Bristol Rd
Bristol, ME 04539


HIGHLIGHTS

  • Established Midcoast Maine event & catering business with ~17 years of history and ~300 annual events
  • Diversified revenue from weddings, events, catering, beverage, corporate work and lodging
  • Value-add upside from restoring historically higher event volume and broader catering operations
  • T12 revenue of ~$995K with stabilized revenue projected at ~$1.65M
  • Turnkey commercial kitchen, refrigeration, mobile kitchen, trailers and catering equipment
  • 3.75M asking price versus seller-provided 2025 appraisal of $4.10M

OVERVIEW

Rare opportunity to acquire an established Midcoast Maine event and catering business together with the underlying real estate, operating infrastructure, and substantial included FF&E. Located in Bristol, Maine, the property has been operated by current ownership for approximately 17 years and supports a diversified business model including weddings and private events, on- and off-site catering, food and beverage service, corporate and contract catering, community programming, and beginning in 2027, on-site guest lodging. The operation currently hosts approximately 300 events annually, including roughly 30 weddings, with indoor event capacity of approximately 130 guests and up to 200 guests utilizing outdoor tented configurations. The offering includes approximately 7,900 square feet across four buildings on 3.84 acres, together with a historic farmhouse, event barn, commercial kitchen facilities, walk-in refrigeration and freezer capacity, mobile kitchen equipment, trailers, catering vehicles, event furnishings, serviceware, backup power, and other purpose-built operating assets. A key part of the investment thesis is the operational upside. Ownership has intentionally reduced activity as it moves toward retirement, including simultaneous events, broader catering volume, brunch service, concerts, trivia, and other historically successful revenue streams. The existing infrastructure has previously supported an on-site event while simultaneously servicing an off-site catered event, demonstrating capacity materially above current utilization. Beginning in 2027, the property is also positioned to introduce seven guest bedrooms and four bathrooms with accommodations for approximately 14 overnight guests, creating a new revenue stream tied to weddings, event groups, and select transient stays. Trailing-12-month revenue is approximately $995,000, with underwriting projecting approximately $1.20 million in Year 1 revenue and approximately $1.65 million at stabilized operations through restored event and catering volume, improved utilization, and new lodging revenue. The property is offered at $3,750,000, compared with a seller-provided 2025 going-concern appraisal of approximately $4,100,000, including an estimated $900,000 allocation to FF&E and operating assets. Ownership has also indicated a willingness to provide up to $1,000,000 in seller financing, subject to final terms and structure. This is a turnkey opportunity for an owner-operator, event group, caterer, hospitality operator, or investor seeking an established operating platform with meaningful growth potential in the Midcoast Maine market.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midcoast Maine Event Venue, Catering & Lodgin

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1812

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

BRIL-000008-000000-000073

ASK ABOUT THIS PROPERTY

Josh PrettymaneXp RealtyMore Info
207-352-0279

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Josh PrettymaneXp RealtyMore Info
207-352-0279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.