Primary Category:Bars & Miscellaneous Restaurants for Sale
This established seafood restaurant, priced at $330,000, offers an incredible opportunity for an owner/operator. Located in a busy supermarket parking lot on a prime street, the restaurant benefits from high foot traffic and a strong local customer base. With 4.7 stars on Google and over 900 reviews, it is the 2nd highest rated seafood restaurant in the area, offering a diverse menu that includes everything from calamari, crab, fried oysters, po boys, salads, and Pho.
The restaurant has experienced 65% growth in total, with 20% annual growth year over year, making it a highly attractive business.
The 1,834-square-foot space seats 64 customers inside and 20 on an outdoor patio, providing ample seating for both locals and tourists. The business is fully turnkey, with $250,000 worth of 3-year-old equipment included in the sale. The seven employees are well-trained, and the owner works about 45 hours a week, ensuring the operation is well-run. This is not an absentee business, and the seller is looking for a new operator/owner to continue the restaurant’s growth.
The location is especially advantageous, as it is situated in a coastal town with high demand for seafood, especially during the busy summer months when tourists flock to the beach. While there is competition in the area, the exceptional service sets this restaurant apart. The surrounding area is growing, and there is room for expansion into nearby cities as well as through catering opportunities. The restaurant already offers online ordering, but expanding into more apps would further increase exposure.
The seller is relocating back to their home state with their family, offering an excellent opportunity for someone to take over a thriving business with solid growth potential. With the combination of its prime location, strong reputation, and room for expansion, this seafood restaurant presents an ideal investment for a motivated operator. For more information please contact Christian Gilfillan at 516-492-5303 or [email protected]
Financial Information
$330,000
Asking Price
$150,000
Cash Flow
$671,837
Gross Revenue
$33,000
Down Payment
Yes
Financing
Business Location
City:
Central North Carolina Coastal area
State:North Carolina
Financing Comments
Will consider for highly qualified buyer
Reason for Sale
Moving back to Texas
Detailed information
Year Established:2021
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 2
Part-Time Employees:7
Contractors:N/A
Owner Worked Hours/w:45
Adjusted EBITDA:
N/A
Inventory Included: Yes
Inventory Value:
$3,000
Monthly Rent:
$4,088
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 1834
FF&E Included?: No
Training/Support
Staff are all well training and the owners will transition of 30 days
Facilities
1,864 square feet and seats 60 people. An additional outside seating accommodates 20 patrons
Market Outlook/Competition
2nd highest rates seafood establishment in the area
Real Estate Description
This restaurant is situated in a small strip center next to the local Walmart.
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