Profitable Coastal Restaurant For Sale
Location North Carolina,United States
Asking Price Range $250K - $500K
Gross Revenues $953177
Net Profit / Cash Flow $202516
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1991
Number of Employees 20 - 34
Inventory 120000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Seller will provide training.
Reason for Sale Planned retirement.
Description Price reduced to $500,000! Explore this wonderful coastal restaurant and bar for sale. Business is centrally located in a vibrant boating community on the North Carolina coast. Financing options available for qualified buyers.
- 2,000+ square foot facility.
- Restaurant offers seating for 110 inside with a full service bar and additional outside seating for 45 more.
- Approved Beer, Wine and Liquor License.
- The owner invested $130,713.95 for all new equipment and facility improvements in 2011.
- The business has grown 17% between 2009 and 2011.
- Beautiful views of the water.
- 20 years in business.
Business operates as a full service restaurant with a customer base of 65% residence and 35% tourist. Newly equipped kitchen, completely renovated interior and deck with over 25 parking spaces included with this stand-alone building.
Seller willing to stay on to train new owner for up to one year to meet buyers needs. The seller purchased the business in 2005 with a plan for it to be his last business investment. He has grown the business over the past six years and is now looking to retire.
The real estate is also available for purchase or can be leased.
Click Here To Contact Seller
|
|