Owner Financing is Available!
Business Overview:
This casual laid back seafood restaurant is well established and profitable year after year. This is a very hi visibility restaurant on a very high trafficked Gwinnett County highway.
Established 1984 and owned and operated by original owner since opening. Gross sales of this seafood restaurant were $355,000 with Owner pulling out $75,000 for 2010. 2011 sales $380,000 with profits at $80,000.
Owner manages restaurant himself and has no expensive front or back of the house Management or Chef salaries to worry about.
This is a very popular neighborhood favorite with incredible reviews. Sales are up every year 5% over the previous year with 2011 sales of $30,000 more then 2010.
Currently restaurant is open for dinner Tuesday to Saturday 5:00 PM to 9:00 PM only. Adding lunch, brunch, and additional dinner shifts could dramatically increase sales and profits. Keep as Seafood concept or convert to any concept.
Property (not including business and equipment) was appraised for $395,000. Motivated Seller is retiring and has priced this at $495,000. for RE, Business and all F.F.& E or will lease at a monthly rental rate of $4,000 including all extras after purchasing business for $115,000 OBO with Owner financing options on business and or real estate purchase.
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:
This is a very high visibility restaurant on a very high traffic highway. Freestanding, 2,488 sq. ft. fully equipped and turn-key restaurant on approximately one acre. Excellent street frontage at 108 feet. Seating for 100.
Motivated Seller is retiring and has priced this at $495,000 for Real Estate, Business and all F.F.& E. or will lease at a monthly rental rate of $4,000 including all extras after purchasing business for $115,000 OBO with Owner financing options on business and or real estate purchase.
Market Competition and Expansion:
Currently restaurant is open for dinner Tuesday to Saturday 5:00 PM to 9:00 PM only. Adding lunch, brunch, and additional dinner shifts could dramatically increase sales and profits. Keep as Seafood concept or convert to any concept.
Reason for Selling:
Retiring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.