Joseph’s Fireside Steakhouse, a Waterville staple with local residents and businesspeople, is for sale at $995,000.
The owners of the 100-plus seat restaurant, which pulled in gross revenue of almost $2.23 million in 2018, said the business is profitable and they are selling for personal reasons.
“My original goal was to keep it for five years and then sell it,” said Kevin P. Joseph of Waterville, who bought the restaurant in 2011 with business partner E.J. Fabian. They own the restaurant equally.
Both men owned other businesses. At the time of the purchase, Joseph still was running the family business, Joseph’s Market, a meat seller on Front Street in Waterville. Joseph said his grandfather bought the market in the early 1900s when he immigrated to the United States from Lebanon. The family sold the market in 2015.