Seafood Restaurant for Sale

Not Disclosed, NC
Gaston County


Asking Price: Annual Revenue:
$615,000 $1,771,676

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Seafood Restaurant for Sale Broker: Justin Scotto

Quick Facts

Asking Price: $615,000
Annual Revenue: $1,771,676
Net Profit: Not Disclosed
Cash Flow: $244,584
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1948
Employees: 14
BBN Listing #: 91178096
Broker Reference #: 8122

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Business Overview:

Well established seafood Restaurant for Sale known as a Southern favorite showing huge growth and return. Seller experiencing six figure owner benefit and ready to hand off this legacy to a new owner. Seller Retiring This seafood Restaurant for Sale is a sure winner. If your looking for a six figure owner benefit then no need to look any further with a healthy owner benefit over $244,584. Lines are out the door and you will be easily convinced this is the business for you ! Come with 20% down and qualify for an SBA loan. If you have never heard of a "fish camp" restaurant, don't let the name fool you it is something else. This is not a summer camp. A "Fish Camp" is home to a restaurant where you can order huge portions of fried catfish, shrimp, flounder, hush puppies, french fries, and many other types of seafood. Local favorites love the piles of food that come on every plate. Everything from appetizers, seafood, salads, steak, chicken, and plenty of fried favorites such as chicken fingers and seafood plates. Most fish camps are situated in the south, but this one is located in the heart of the booming Charlotte Market. North Carolina has seen huge growth in recent years, but this seafood restaurant for sale has seen major sales year after year. Established in the 1940's this fish camp style Restaurant offered by We Sell Restaurants is a staple in this county. Passed down from generation to generation and now ready for a new owner to do the same. The locals love it, but many customers drive for miles passing many other restaurant choices before arriving at this one. 2020 was no doubt a rough hear, but for this Restaurant for Sale it surly weathered the storm with strong sales and bottom line. Situated in an easy 1680 square feet it has all the equipment and tools to help any new owner increase sales even higher. No need to break the bank as this business has one of the lowest rents in town with an easy $1000 dollars per month. Rent does not get any better than that, and plenty of opportunity to add on more lease term with the landlord. Currently the Restaurant for Sale is operating at reduced hours, two days a week closed, and still experiencing high volume sales. Increase operations to have more lunch meal periods and open a few more days a week to see the sales roll in even higher. Huge catering opportunity as well as this seafood restaurant can push out huge quantities of food on a daily basis. Training available for any buyer and full staffed as well. Complete confidentiality today as an opportunity good as this will not last long.

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Property Features and Assets:

5 Deep Fryers 34x24 1 Grill 2 Eight Foot Prep Table 1 Single Door Freezer 1 Under the Counter Cooler 1 Microwave 1 Broiler 2 Four Foot Prep Table 1 Three Foot Prep Table 1 Detached Walk in Cooler 12x12 1 Slaw Mixer 1 Three Compartment Sink Miscellaneous Shelves 1 Single Door Toastmaster Oven 1 Food Warmer 1 Two Compartment Sink 2 Single Compartment Sink 1 Twelve Foot Fish Cooler 5 Six Foot Prep Table 1 Hood System 1 Two Door Reach In Cooler 1 Three Door Reach In Cooler 1 TV 1 Cash Register 1 SS Hand Sink Miscellaneous Utensils 1 Grease Cleaner 1 Wire Storage Rack 3 Single Door Reach In Cooler 1 Ice Machine with Bin 1 Single Door Glass Cooler 2 Dunnage Racks 1 Walk In Freezer Fixture

Market Competition and Expansion:

Charlotte has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 38.0%

Reason for Selling:

Retirement

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 not a franchise resale opportunity.

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