Business For Sale

Desirable Seafood Restaurant & Lounge--Savannah

Savannah, GA
Chatham County

Savannah, GA


Asking Price: Annual Revenue:
$5,100,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Desirable Seafood Restaurant & Lounge--Savannah Broker: Steve Fitzgerald

Quick Facts

Asking Price: $5,100,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: GA
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 274124957
Broker Reference #: 41620177S

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Business Overview:

A “fresh” and relatively new seafood restaurant and building are for sale in a highly desirable location.

• “Perfectly” positioned near a dozen+ hotels on access road to the Savannah- Hilton Head International Airport.

• Represents High Quality & Convenience that’s attractive to:
o Tourists and travelers exiting from nearby I-95,
o Local businesses, including Gulfstream,
o Outlet mall shoppers
o Growing nearby neighborhoods.

The Establishment and Property specifics:
• Started in 2017
• “Fresh”, “new”, seafood theme, well appointed
• Restaurant family friendly. Extensive menu- seafood, other
• Contains completely separate lounge & bar
? Tapas menu
? Entertainment.
? Lounge & restaurant draws from downtown Savannah.

• 10,000 square feet
• 2.5 acres. Leased from Airport Commission through 2054
• Lease expense- 3.4% (years 1-5), 4.1% (years 6-10), 4.9% (years 11+)
• Cost ~$4,400 to construct today
• $640,000 for FF&E, Inventory and Start up costs
• Limited competition nearby, other than Tavern & fast food. Tavern owner shares resources with this facility.

Reason for Selling.
• Owner has personal reasons that triggered need to sell. Has insufficient time to address substantial growth opportunities he anticipated.
• Only “scratched the surface” with high end catering services for nearby professional operations.
• His success with another established restaurant validates viability of overall vision for this facility. He may also have to also sell that restaurant.

Price & Revenues
• The combined Business and Property is listed at $5.1M.
• Revenues were $1.5M in the first year of operation.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

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