10 Well-Known Businesses in Maine That Closed in 2025

It seems that everywhere you go in Maine, you easily find a store, restaurant, or business that has closed permanently. For whatever reason, they were unable to keep the lights on, or the higher-ups had to cut expenses. In the end, there are usually no winners.

Looking ahead, predictions for the 2026 economy are calling for continued, solid U.S. growth, faster than in 2025, driven by tax cuts and fading tariff impacts, with an uneven job market and persistent, though potentially easing, inflation. Overall, 2026 looks to be a year of gradual improvement, but some uncertainty about what exactly what 2026 will look like for many businesses.

From large box stores to locally owned businesses, it's been a tough ride to keep things going, and in 2025, not everyone survived.

Here's a list of 10 businesses in Maine that closed in 2025 and the reason behind the closing, if the information was available to us at the time of this writing.

1. Cracker Barrel - South Portland

2. Elevation Burger - Portland, South Portland, and Augusta

3. Low Stakes Lodge - Exchange St, Portland

4. Bar Futo - Fore Street in Portland closed in November

5. Sagamore Hill Lounge: The Portland bar closed on December 31, 2025

6. Paper Tiger: The cocktail bar and restaurant in Portland closed in August.

7. Hi-Fi Donuts

8. Pep Boys - The last store in Maine was in Auburn, and closed in October

9. Reny's Portland location ended its 15-year run, partly due to staffing challenges.

10. Foot Locker faced potential widespread closures nationwide, impacting its presence at The Maine Mall