Coastal Resort Restaurant
Location North Carolina,United States
Asking Price Range $500K - $1.0M
Gross Revenues $815000
Net Profit / Cash Flow $196000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1981
Number of Employees 35 - 49
Inventory 450000
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Reason for Sale Retirement
Description This is a very busy Coastal Resort Restaurant. There are two (2), kitchens, a pizza kitchen and a full service kitchen. A full liquor license is in place, a new owner will have to reapply for a new license.
This family owned and operated business is a seasonal operation. Opens right after Easter and closes right after Thanksgiving. During season there are as many as 45 employees, off season about 15 employees. The stated inventory is when the business is in full operation. Owners desire to sell the business and real estate/building together. Owner has been in the restaurant business for 30+ years and wants to retire. This would be a great footprint for a restaurant chain to acquire, or for that right person(s), that want to enjoy a coastal life style with 4 months off a year. Contact M Wayne White at 757-535-3139 or email to receive the NDA package and obtain additional information.
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