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RE:  Profitable Seafood Restaurant W/Real Estate Contact:  Tony\/Jarma Khoury
Owner Financing is Available!
$79,500.00

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:

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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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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