Hot Listing

Seaford Full Service Restaurant

Asking Price$2,300,000

Cash Flow
$3,715,411

EBITDA$3,715,411

Gross Revenue$3,715,411

InventoryNot Disclosed

FF&E$168,000
Included in asking price
Real Estate$3,360,000
Not included in asking price
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Hot Listing

Seaford Full Service Restaurant


Asking Price$2,300,000

Cash Flow
$3,715,411

EBITDA$3,715,411

Gross Revenue$3,715,411

InventoryNot Disclosed

FF&E$168,000
Included in asking price
Real Estate$3,360,000
Not included in asking price
Business Description
Full service restaurant with takeout and catering

Well established full service restaurant with separate takeout entrance along with catering services 51 years in business with one owner.
About the Business
Years in Operation
51
Number of Employees
22
Facilities & Assets
Restaurant, takeout, and catering sits on 1.31 acres with 67 parking spots, and two buildings with a total of 8,00 square feet. Seats 200 people with 64 tables, 12 seats in bar, and first and second floor dining areas, including technology hub and two offices. Building has full commercial kitchen with 2 walk-in-freezer coolers, women & men's and employee bathrooms. Second building has freezer cooler walk-ins, commercial kitchen, office, and meeting areas used for catering quotes. Owner will lease building and consider selling property.
Market Outlook / Competition
Restaurant has very little competition and has been at current location for 41 years. None for quality seafood shipped in from all over the United States along with Italian specialties. Restaurant also offers a takeout business that stays busy year round, along with a catering service with a excellent reputation. Located on a major highway minutes from I-95, Route 52, Route 202 & Route 141. Minutes from Wilmington, Greenville, and Hockessin.
Opportunities for Growth
Products other then their seafood can be added to the menu. Second building can also be used for expansion which the current zoning allows for both buildings.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
8,000
About the Sale
Seller Motivation
Ready for retirement after 51 years in business.
Transition Support
Two full time employees with both having 20 plus years at the restaurant want to stay on and are fully capable of running and managing the restaurant. Owner will stay and train up to a month, and if necessary stay longer with an agreed salary.
Financing Options
No
Listing Info
ID
2406095
Listing Views
783

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Business Listed by: Domenick Michini

Listing ID: 2406095 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.