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Established Seafood Restaurant For Sale
Location Virginia,United States
Asking Price Range < $250K
Gross Revenues $400000
Net Profit / Cash Flow $80000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1981
Number of Employees 6 - 9
Inventory 58000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training As needed
Reason for Sale Retirement
Description Established Seafood Restaurant Serving Customers over 30 Years! Located in a family oriented part of a spectacular city, this restaurant enjoys the hometown locals crowd and yet is located close enough to a primary resort area to make it a destination. In the winter months the restaurant is supported by the ''locals'', and in the summer months the business enjoys a blend of tourists and local guests. Known for Great service and an attentive wait staff, the restaurant offers up a well-appointed menu, with recipes that have been perfected across multiple generations. The owner and primary chef has evolved this eatery into an attractive culinary experience, and a place where friends and families meet regularly to share time and a fine meal. Keeping in a tradition started 30 years ago, the ingredients used are almost always fresh and locally harvested. The produce is from surrounding farms, and the seafood in season is caught locally. This is reminiscent of country flair, Southern style service, and an exceptional Product. The space seats 100, with a separate bar area for folks to gather, watch a little television or their favorite sport and grab a quick meal. The lease is reasonable, at $2,000 per month. The decision to sell is driven by the time spent in the business and perhaps the realization that the time has come for a change and fulfillment of the owner's retirement dream. And for the right buyer, the owners will consider some level of financing. For more information call Frank Chebalo, Advanced Business Brokerage, at 757-478-8346, or email.
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