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Seafood And Pizza Business In Seacoast Community
Location: United States -> Massachusetts
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Here is an opportunity to own that takeout seafood restaurant on Cape Cod that you have always dreamed about. Known by generations of summer tourists and locals alike, this roadside joint is famous for its fried seafood specials, pizza, subs and ice cream. Situated on a high traffic road, this 60 year old business comes with indoor/outdoor seating, off street parking and a fully equipped kitchen.

Currently open year-round, this restaurant has a 1,610 sqft interior with a monthly rent of $2,400. In 2018-2019, gross sales averaged $239,078 per year but they have dramatically increased since the pandemic hit at over $372k in 2020 and an even higher revenue expected for 2021. Start making money on your first day with this turnkey business that comes with the tradename, equipment, furniture, supplies and inventory. Seller is willing to entertain owner finance and training offers from qualified buyers.
This business has been a landmark eatery on Cape Cod since the early 1960's. Many of the original seafood items have remained on the menu but the owner has added pizza, subs and some tasty ethnic specials over the years.
There is limited competition from other restaurants in the area because the majority of the seafood restaurants are sit down style with no takeout options such as pizza, subs and daily specials. The competitive advantage is the variety of its menu in conjunction with quick and convenient service.

This business offers an energetic buyer a lot of potential for sales growth and profitability. Below are a few recommendations suggested by the Seller: * Offer delivery options for the area especially for pizza, subs and salads. * Create a more dynamic social media presence with specials and promotions. * Develop a business website with an online ordering and payment system.
The restaurant sits on just under a half acre lot and comes with 20 paved parking spaces and a garden seating area in the back. The building measures 1610 sqft with a canopy.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $372,668
Cash Flow:   $122,156
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $80,000
Seller Financing:  Yes

About The Business

Year Established:  1963
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retirement

Photos

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Seafood And Pizza Business In Seacoast Community Photo 1




Print Listing Id: 700371269
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Massachusetts Businesses For Sale > Massachusetts Franchises For Sale > Massachusetts Business Brokers



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