Profitable Seafood Restaurant W/Real Estate
Not Disclosed, NC Not Disclosed
Seller's Contact Information
- RE: Profitable Seafood Restaurant W/Real Estate
- Contact: Tony\/Jarma Khoury
Quick Facts
| Asking Price: | $795,000 | |
| Annual Revenue: | $949,140 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $209,048 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 36,045 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1971 | |
| Employees: | 29 | |
| BBN Listing #: | 664258201 | |
| Broker Reference #: | 13485-492382 |
Business Overview:
Profitable Seafood Restaurant w/Real Estate in Waterfront Community
50 Year profitable seafood restaurant with close access to the beach, long history and reputable service. This is a semi-absentee operated business, with the owner only working about 10 hours per week and a strong General Manager and workforce in place.
The business operates Wednesday thru Sunday for dinner, so there is the potential to increase profitability if a new owner adds on a lunch shift, especially since the fixed operating costs will remain relatively the same.
Real Estate is INCLUDED in this sale.
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Property Features and Assets:
Real Estate is INCLUDED in this sale, with this standalone building having over 6,500 sq.ft. of space. This area is experiencing explosive growth.
Market Competition and Expansion:
Has a loyal and repeat customer base made up of both locals and tourists who frequent the coastal waterfront communities of North Carolina. While there are other restaurants in the area, the closest one is nearly 4-miles away. The current methods of marketing are word of mouth referrals, digital ads, and radio ads. Potential growth areas include a refreshing of the website, search engine optimization for for exposure and catering services. The greatest potential for growth however is the expansion of working hours, as at present, the restaurant is closed on Mondays and Tuesdays, and opens for dinner at 5:00pm on Wednesdays to Fridays. The only day that lunch is served is on Sunday's, where customers order off of the dinner menu. Could expand hours to include a lunch shift.
Reason for Selling:
Other ventures.
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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