Looking to Open a Restaurant in Maine? This Market Is Wide Open

It’s no secret that Maine’s restaurant scene has been feeling the pinch this year.

From longtime staples like Muddy Rudder in Yarmouth to many restaurants in Portland like Coals Bayside, Elsemere BBQ and Slab Sicilian Street Food, closures have been making headlines.

Rising food costs, labor shortages, and a more frugal dining crowd are hitting hard, especially as Maine heads into its slower winter months​.

But if you’re an aspiring restaurateur looking to dive into Maine’s food market, there’s a silver lining: Korean cuisine is the least competitive segment in the state.

According to a recent study by OnDeck, which analyzed restaurant density nationwide, Korean restaurants in Maine are sparse compared to other types like sandwich shops, which are overflowing with options.

If you’ve got a killer recipe for bibimbap or bulgogi, this might be the direction you want to take.

Meanwhile, the recent study conducted by OnDeck states that sandwich shops dominate as the most competitive type of restaurant here, aligning with Maine’s love of quick and hearty bites.

Still, the challenges for all restaurants are real. Portland alone has a restaurant density rivaling major foodie cities like San Francisco, and some industry experts predict even more closures ahead.

So, while it’s a tough time to be in the restaurant game, there’s room for niche concepts like Korean cuisine to shine. If you’re dreaming of opening your own restaurant, this might just be the opportunity to spice up Maine’s dining scene.

Are you in?