Growing Waterfront Restaurant & Bar

Kitty Hawk, NC
Dare County

Outer Banks North Carolina


Asking Price: Annual Revenue:
$695,000 $1,323,572

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Growing Waterfront Restaurant & Bar Broker: Roland Davis

Quick Facts

Asking Price: $695,000
Annual Revenue: $1,323,572
Net Profit: Not Disclosed
Cash Flow: $191,177
Total Debt: Not Disclosed
FF&E: $110,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 611360217
Broker Reference #: Outerbanks Restaurant

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Business Overview:

Growing Waterfront Restaurant & Bar
Outer Banks, North Carolina

An Outer Banks well established, family oriented casual restaurant serving locals as well as tourists. The restaurant continues their tradition of maintaining a substantial customer base with a very positive growth trajectory. Well positioned geographically, the business has a strong reputation and great image in the community they serve. Substantial opportunity for increased revenues via expansion of hours.

Operating in 5,000 square feet, the restaurant has a great menu featuring fresh local seafood caught daily. The menu has something for everyone. All equipment is in excellent condition and well maintained. A full-service bar provides refreshments with the right mix of cocktail creativity and a wide selection of regional beer and wines. All enjoyed in a marina waterfront setting.

One clear measure of success in this business category is a review of financial performance. Since inception the restaurant has enjoyed sustained incremental growth, achieving a Gross Revenue of over $1 million dollars consistently for the past 2 years.

For an experienced restaurateur, this is a great strategic acquisition opportunity to immediately purchase a predominant established business to capitalize on its long-term goodwill, reputation and client base. Upon proper qualification of the potential acquirer, including the customary exchange of financial information and confidentiality agreements, a detailed Confidential Prospectus will be provided. All inquiries will be held in strictest confidence.

Purchase Price: $695,000
TTM Gross Revenues: $1,323,572
SDCF: $191,177
FF&E: $110,000 (included in asking price)
Real Estate: $650,000 (optional)

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.

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.

Documents:

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