Waterfront Seafood Restaurant

Asking Price$350,000

Cash Flow
$165,539
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$489,176

Inventory$3,000
Included in asking price
FF&E$55,000
Included in asking price
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Waterfront Seafood Restaurant


Asking Price$350,000

Cash Flow
$165,539
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$489,176

Inventory$3,000
Included in asking price
FF&E$55,000
Included in asking price
Business Description
Great opportunity must see motivated
Price reduced Owner is anxious to sell and willing to offer owner financing. Located on the scenic waterfront of Eastern North Carolina, this seafood restaurant has been a community favorite for over six years, attracting a loyal clientele who return time and again for its quality cuisine and inviting atmosphere. Currently open only from 5 p m to 9 p m, this business offers a solid profit margin with significant growth potential for a new owner. Expanding hours to include lunch or even breakfast service could drive additional revenue and capitalize on the restaurant’s prime location. This turnkey operation provides an excellent opportunity for an investor to take a profitable, well loved establishment to the next level. It is also an ideal venture for a chef looking to open their first restaurant or a restaurant owner seeking to expand into multiple locations. The business is pre approved with an SBA lender, making ownership accessible and financing options streamlined. For more information call Patricia Griswold at 804 520 7557 or email teamgriswold@fcbb.com.
About the Business
Years in Operation
6
Employees
10
Facilities & Assets
This is a leased location of 2,144 square feet with a Total monthly rent of $2,935. Lease ends 03/2026 with 1x 3 years options. Seller is active with 2FT and 8PT employees. Hours of operation are 5p.m. to 9p.m, Monday thru Friday. $3,000 in inventory and $55,000 in FF&E included in the asking price. $60,000 made in leasehold improvements. ABC and Health license required.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,144
Rent
$2,935.00 per month
Lease Expiration
3/1/2026
About the Sale
Seller Motivation
Moving closer to family
Transition Support
TBD
Listing Info
ID
2307627
Listing Views
2909

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Business Listed by: Patricia Griswold https://businessforsaleinrichmondva.com/

Listing ID: 2307627 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.