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RE:  Top-rated Seafood Restaurant Contact:  Steve Niehaus
License #: SL3338271

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:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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