Iconic Seafood Restaurant with Real Estate

Not Disclosed, NC

Asking Price: Annual Revenue:
$795,000 $949,140

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Iconic Seafood Restaurant with Real Estate Broker: Tony/Jarma Khoury
Owner Financing is Available!

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

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Business Overview:

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, with this standalone building having over 6,500 sq.ft. of space. This area is experiencing explosive growth.

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.

Customers make a point to visit this iconic and rustic restaurant.

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. So, expanding hours to include a lunch shift should result in a net increase of profitability, as the fixed overhead expenses would be the same.

Standalone building

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Reason for Selling:

Other ventures.

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.

Relevant Links:

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