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.

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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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