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Business for Sale

Regionally Renowned Destination Restaurant

Listing #36574

   
Financial Information (non-confidential)
Asking Price $550,000.00 Gross Revenues $1,200,000.00
Down Payment $350,000.00 Owner’s Cash Flow $260,000.00

Financing: $350,000.00 Down and $200k for 24 months @ 7%

Reason for Selling:Retirement

Generational Opportunity! SBA Approved! Clean books! Key Staffers In Place To Carry On Current Success! This Is The Restaurant of Your Dreams! This beautiful, unique seafood restaurant is situated in a highly desirable spot, drawing locals and travelers alike to enjoy its freshly caught seafood and inviting atmosphere. With an emphasis on fresh, daily caught offerings, this family-run gem is a true culinary treasure for the region. The primary standout feature of this business is the highly capable sous chef, who is ready to step up into the head chef position and continue offering the restaurant's well-loved dishes—or bring a fresh perspective to the menu under new ownership. The restaurant boasts 80 interior seats, plus 20 more at the bar, and an additional 30 seasonal seats available on the outdoor patio, making it a popular choice for both intimate dinners and larger gatherings. Offering a full service, sit-down dining experience, it is the only "real" sit-down style restaurant in the region that also provides take-out options. Currently operating five days a week for just 25 hours, the restaurant has yet to reach its full potential—imagine what could happen with expanded hours or additional marketing! This highly rated ranked restaurant spends no money on advertising, no online booking or catering. All menu items, including desserts, are prepared fresh daily, ensuring high-quality dishes that keep customers coming back. The restaurant is well-rated online and through word-of-mouth, cementing its reputation as a must-visit coastal destination. This is a truly unique opportunity to own and operate a renowned North Carolina restaurant with immense growth potential. With its reputation, prime location, and dedicated staff, and guest retention this business is a turnkey opportunity for an industry insider or for someone desirous to own a restaurant. Don’t miss your chance to own a piece of North Carolina! To learn more, please contact the broker, David Soper at 919-576-3220.

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Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
David Soper
Senior Business Broker
919-576-3220
dsoper@vestedbb.com
Servicing Area:
Wake County, NC
New Hanover County, NC
Brunswick County, NC
Pender County, NC
Greenville County, SC
Horry County, SC
Plymouth County, MA
David Soper

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com

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