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Full Service Seafood Restaurant For Sale

Not Disclosed, North Carolina, US
Asking Price:
$547,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,193,753
Cash Flow:
$240,522

This is a rare opportunity to purchase a well-operated, very profitable restaurant with room for growth.

This restaurant opportunity is located in Southeastern North Carolina, one of the fastest-growing areas of the US. The business is well located in a prominent building on a high-traffic road. This restaurant focuses on premium seafood dinner service with a full-service bar. They focus on locally sourced, high-quality food that produces a strong word of mouth and repeat business. The owners did a complete remodel to refit the space, use premium equipment, and regularly service & replace FF&E.

This restaurant is a high-quality, high-volume establishment best suited for someone with food & beverage experience. The current owners work hands-on in the business full-time.

Property Information

Real Estate:

Lease

Premises Details:

This restaurant is well located in a prominent building on a high-traffic road with a larger lot size. The restaurant benefits from ample parking. The owner invested $180,000 in refitting the space for the current restaurant. The existing facility has room for expansion. The owners lease the building from a third-party landlord.

Business Operation

Expansion Potential:

A new owner has several avenues for growth. Currently, the restaurant is closed a few days a week. Also, their lunch service offering could be expanded. The facility is not fully utilized and has room for more seating inside and outside.

Current marketing is heavily based on word of mouth. A fully implemented marketing plan would expose the business to more potential customers & tourists.

Competition / Market:

This restaurant stands out from its competition. They offer a unique, higher-quality experience that is difficult to find in the surrounding areas.

The local market is rapidly growing and has higher disposable income. Overall, the local area has a higher-than-average household income. Also, the area has a higher-than-average amount of high-income households (making $200,000+ per year).

Reasons for selling:

The owner wants to reduce workload and focus on another currently operating, non-restaurant business.

Trading hours:

Thurs-Sat 11:30am-2pm; Tues-Sat 4pm-8pm

Employees:
20 FT/5 PT
Years established:
7

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$54,700 down/$54,700 over 120 mos. @ 11.25%/Other Financing.

Furniture / Fixtures value:
$125,000 - included in the asking price
Inventory / Stock value:
$15,000 - included in the asking price