Business Overview:
MegaBite Restaurant Brokers, LLC offers, for your ownership consideration, a quick service seafood restaurant with seating and drive through located in a strip center end cap along a busy interstate highway. The location is non-performing and can be turned around by a hands-on operator. This location could also be converted to a number of new concepts. Captain Ds Seafood Kitchen has the tradition of offering top quality fish and seafood prepared in 40 different ways. They also have breaded shrimp, crispy chicken tenders, fresh salads, grilled items, along with a variety of sides and deserts. The store was opened in 2005 with good management and good sales. The restaurant was very profitable until the manager left and started his own business. The owner is an absentee owner and has not been able to keep good management for some time. Sales have suffered from the lack of hands on ownership. The location needs an owner able to turn sales around by focusing on customer service, cost control and product quality. The asking price for the assets of the business is $60,000. The assets include inventory at cost of $2,000 and FF&E (Furniture, Fixtures and Equipment) valued at $25,000. Purchaser is responsible to pay estimated $2,500 franchise transfer fees.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The space consists of a dining area, drink condiment area. front counter with two registers, drive through service window, main kitchen with prep area, walk-in approximately 10 x7 refrigeration and approximately 8 x7 freezer, office and dry goods storage area. The facility is well-designed and functional. The approximately 1,900 Square Feet high visibility space seats approximately 50 and is located along a busy Interstate. The monthly lease is approximately $3,800 plus Taxes of approximately $300 per month expiring December 2010. Two 3 year extensions are available.
Market Competition and Expansion:
This is a strong location with excellent potential. A new owner can turn this non-performing unit around in several ways 1 Hands-on Owner/operation, 2 Local Store marketing, 3 Improve food quality and control costs, 4 Upgrade customer service, 5 Add the personal touch, 6 Targeted Local advertising and marketing
Reason for Selling:
Absentee owner owns non-competing businesses
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.