Full Service Seafood Restaurant
Not Disclosed, NC Not Disclosed
Southeastern North Carolina
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- RE: Full Service Seafood Restaurant
- Contact: Ben Shaw
Quick Facts
| Asking Price: | $547,000 | |
| Annual Revenue: | $1,149,572 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $210,900 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $125,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2016 | |
| Employees: | 25 | |
| BBN Listing #: | 936428 | |
| Broker Reference #: | 1301-18125 |
Business Overview:
Seize an Exceptional Restaurant Opportunity in the Flourishing Southeastern North Carolina Market!
Step into a thriving, high-volume restaurant that has established itself as a premier dining destination. This successful enterprise, strategically located in a prominent, high-traffic area, offers a unique culinary experience centered around locally sourced, premium seafood and a vibrant full-service bar. While having a solid cash flow, this opportunity has plenty of upside for more growth potential.
With a commitment to quality and exceptional experience, this restaurant has cultivated a devoted following of patrons who build powerful word-of-mouth marketing. The current owners have continually been improving the space with new, quality equipment and regularly investing in the maintenance and replacement of the furnishings, fixtures, and equipment (FF&E).
This high-quality establishment is ideally suited for an experienced food and beverage professional seeking a turnkey operation with a proven track record of success and ample room for growth. The current owners have been reducing their workload to improve their quality of life, making this an ideal situation for the right restaurateur to step into.
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Property Features and Assets:
This restaurant is well located in a prominent building on a high-traffic road with a larger lot size. The restaurant benefits from ample parking & outdoor seating. They recently added an outdoor bar to increase beverage revenue. The existing facility has room for expansion. The owners lease the building from a third-party landlord.
Assets = $140,000
Market Competition and Expansion:
This restaurant stands out from its competition. They offer a unique, higher-quality experience that is difficult to find in the surrounding areas.
The local market is rapidly growing and has higher disposable income. Overall, the local area has a higher-than-average household income. Also, the area has a higher-than-average amount of high-income households (making $200,000+ per year).
A new owner has several avenues for growth. Currently, the restaurant is closed a few days a week. Also, their lunch service offering could be expanded. The facility is not fully utilized and has room for more seating inside and outside.
Current marketing is heavily based on word of mouth. A fully implemented marketing plan would expose the business to more potential customers & tourists.
Reason for Selling:
Focus on another currently operating, non-restaurant business.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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