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Quick Facts
Asking Price: | $195,000 | |
Annual Revenue: | $1,324,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 88,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2013 | |
Employees: | 14 | |
BBN Listing #: | 524656894 | |
Broker Reference #: | 964-23402 |
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Business Overview:
TOP-RATED SEAFOOD RESTAURANT! 2022 Revenue exceeded $1.3 million!
The restaurant was established in 2013 and has been consistently one of the top-rated restaurants in the area.
The restaurant seats approximately 30 customers inside and 30 on outside patio.
The restaurants revenue has grown in 2021 and 2022 to return to pre-COVID performance, even with the negative impact of Hurricane Ian 9/28/2022.
While the 2022 revenue was strong, the increased food costs, loss of a working owner, current owner’s health, impact of Ian, and labor costs have taken a toll on profitability. Revenue growth and profitability could be greatly increased with working owner(s) and expanded days & hours of operation.
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Property Features and Assets:
Located in strip center. Facilities include full service kitchen, tables, chairs, etc.
Market Competition and Expansion:
Top-rated seafood, top-5 overall restaurant. Solid growth post-Covid.
Reason for Selling:
Health
Additional Details:
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