Great opportunity to own and operate a highly profitable and award winning seasonal restaurant in a fabulous location! This family-friendly restaurant has been treasured by locals for 25 years and has magnificent views of the beach and ocean. With a seating capacity of 154 customers, a festive atmosphere, excellent food, it is a favorite of many locals and tourist alike. It is a turnkey business with tenured management in place while only open six months a year. Annualize the sales and you are at over $1.7 Million with an Adjusted EBITDA of over $320,000.
Business Price: Give us your best offer!!
Projected 2018 Revenues: $868,181
Furniture, Fixtures, & Equipment (FF&E): Approximately $300,000
Sellers Discretionary Income: $161,726
Real Estate: Leased
Facilities: The business is located nearby major highways and has plenty of parking close by. The entire space is approximately 6000 square feet with about 4000 square feet for dining.
Competition: The business is very popular and draws customers from surrounding towns and tourists visiting the seacoast. There are other restaurants in the area but not many that are family-friendly, consistently deliver high quality food at a reasonable price along with an amazing ocean view from almost every seat.
Growth & Expansion: There are many ways to increase the business of this already extremely popular restaurant. Extending service hours and opening the entire restaurant for breakfast, brunch, lunch and late night would significantly increase sales. Secondly, enhancing the take-out business and utilizing an on-line order system. Offering a grab-and-go retail option would likely be successful as customers could enjoy their favorite meals on the beach. Lastly, due to the popularity of the restaurant and ideal location, offering catering for events all over the seacoast – could make a dramatic impact. Currently, the business turns down almost all requests for catering.
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Retirement
(Location shown on Map below is not correct. Once you complete the NDA, the location will be disclosed.)