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Iconic Seafood Restaurant W / Real Estate
Location: United States -> North Carolina
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

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, 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.

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.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $949,140
Cash Flow:   $209,048
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $51,392
Seller Financing:  Yes

About The Business

Year Established:  1971
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  other ventures

Photos

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Iconic Seafood Restaurant W / Real Estate Photo 1




Print Listing Id: 700380336
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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 > North Carolina Businesses For Sale > North Carolina Franchises For Sale > North Carolina Business Brokers



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