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Seafood Restaurant

Location: Morehead City, NC

ID: (#200774)

200774
Price:$550,000
Revenue:$1,300,000
Cash Flow:$230,000
FF&E (Assets):$25,000
Inventory:$5,000
Real Estate:$0

Overview

Popular seafood restaurant. Over 200 seats total. Experienced management in place, one in charge of the front of the house and one for the kitchen, who run the day to day operations. Owner makes strategic decisions and manages books. Restaurant industry experience recommended.
Revenue:
2019: 1.30MM
2020: 1.08MM
2021 until June $875,000
Jan-Jun 2021 sales are 29% over 2019

*Images are stock photos and do not reflect the actual business or product line.

Details

Reason for Selling:

Other Business Endeavors

Established:

2009

Employees:

15

Furniture, Fixtures, and Equipment (FF&E):

All furniture and kitchen equipment currently used in the business will be included in the sale.

Inventory:

Inventory is not included in sale.

Competition:

Although there are several seafood restaurants in the area, this business has always been successful with its menu options and appealing venue.

Opportunities for Growth:

Strategic marketing, adding catering and continued improvement of food cost.

Support and Training

The seller is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486