Very popular family restaurant loved by locals and tourists.

Asking Price$850,000

Cash Flow
$200,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,584,000

Inventory$80,000
Not included in asking price
FF&E$225,000
Included in asking price
Real EstateNot Disclosed

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Very popular family restaurant loved by locals and tourists.


Asking Price$850,000

Cash Flow
$200,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,584,000

Inventory$80,000
Not included in asking price
FF&E$225,000
Included in asking price
Real EstateNot Disclosed

Business Description
Well respected family restaurant specializing in amazing pizza, hearty subs, fresh salads, quality entrees and extensive adult beverages.
About the Business
Years in Operation
19
Number of Employees
25
Facilities & Assets
Located on main drive of tourist island. Free standing building with parking. Two roads to enter from, near major traffic circle. Lots of visibility. Fully outfitted for current menu, but capable for menu changes. Pizza would still need to be focus. Open pizza make area with full kitchen behind doors. Additional area on second floor. Exsisting patio seating, with additional outside seating in parking lot(dressed nicely with planters and umbrellas). Full bar. All equipment and furnishings and inventory included. Current lease $8047.10 +cam till 12/31/2030
Market Outlook / Competition
This island eats. And loves our food. We are one of only a few restaurants that do well year round. Great local following. "Too much" business to deal with in the summer, so that's a good problem. We have "competition", I keep competitive by making our food inhouse to keep prices reasonable, and I price compare to make sure my menu is priced for repeat business.
Opportunities for Growth
My sales have been on a consistant incline for our entire exsistence (disregarding covid years) and that is without opening on sundays, major holidays, or creating revenue stream with the upstairs. All of which would make quick increases to revenue. Another would be to promote alcohol more. I have maintained a family friendly atmosphere and never reallly push for drink specials or late night (currently close at 9 and staying open later would be another qiuck way to increase revenue).
About the Sale
Seller Motivation
Family issues have taken a lot of my time and I just need to turn my focus to fa
Transition Support
I will fully train new owner/GM (one month no charge) with option to retain my services as paid employee for up to a year.
Listing Info
ID
2387611
Listing Views
641

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Business Listed by: Eric Overstake

Listing ID: 2387611 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.