Oyster Bar Franchise in Eastern NC

Not Disclosed, NC

Asking Price: Annual Revenue:
$449,900 $731,070

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Oyster Bar Franchise in Eastern NC Broker: Tully Ryab

Quick Facts

Asking Price: $449,900
Annual Revenue: $731,070
Net Profit: Not Disclosed
Cash Flow: $27,359
Total Debt: Not Disclosed
FF&E: $400,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 9
BBN Listing #: 43414955
Broker Reference #: 1206-15909

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Business Overview:

Own this existing, profitable Oyster Bar for a fraction of the cost to start a new location from scratch.

This Oyster Bar Franchise location was just established in 2019 in Eastern North Carolina. This is an ideal business for a hands-on owner that wants to break into the industry or expand his/her already profitable store portfolio. The total investment necessary to begin operation of a new franchised business is as much as $776,750.

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Property Features and Assets:

The Company leases approximately 1,960 square feet of retail space, in a strip mall. The current lease ends December 31, 2028, but Company has the option in its sole discretion to request two 5-year extensions, which would keep the current lease in effect until December 31, 2038. Assets= $449,900

Market Competition and Expansion:

The franchise targets its services to consumers who desire higher quality seafood and beverages in a casual atmosphere. Competition exists in the market in the form of local seafood and bar-restaurants, national seafood chains (ex: Joe’s Crab Shack, Red Lobster, and Bonefish Grill), and regional seafood chains. The market for a seafood restaurant is developed and moderately competitive. Compared to other food franchise opportunities, the franchise is highly competitive because of its below-average start-up costs combined with its “lean” business model ideal for smaller spaces (1,800-3,000 sq, ft.) with an easy-to-prepare single page menu served by a very manageable crew. Few direct competitors. If you already operate restaurants in your area, the restaurant won’t be cannibalizing your other locations. There’s really nothing like the concept in the market, so it will draw people who are specifically seeking seafood over burgers, chicken, or pizza. According to Seller, in the Franchise Disclosure Document, the Average revenue based on 2016 earnings is $1.127 million. EBITDA is 18.44%.

Reason for Selling:

Owner has health reasons.

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 a franchise resale opportunity.

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