#1 Restaurant in the Golden Isles For Sale

Brunswick, GA (Glynn County)

Interior

Asking Price:$195,000

Cash Flow:N/A

Gross Revenue:$566,000

EBITDA:N/A

FF&E:$35,000

Inventory:$10,000

Established:2009

#1 Restaurant in the Golden Isles For Sale

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Business Description

Since its opening in 2009, this owner operated restaurant has been pleasing locals and out-of-towners alike with its "Vacation Inspiration" coastal shanty cuisine. Diner's reviews on social media sites rave about the delicious, interesting fresh flavors of the dishes, the laid back atmosphere of the restaurant and the hospitality of the staff.
The owner's inventive and intriguing recipes are truly unique in that they have generated a large, fiercely-loyal clientele, yet don't require a culinary degree to prepare. These recipes will transfer with the sale so that all of the crowd-pleasers can continue to be served. Daily specials and soups along with regular menu items such as the Calypso Salad, Bombay Chicken Salad, Jerk Tostada, Bahamian Chicken Curry, Plantains, the "Raj" Burger and Buck's Meatloaf Sandwich offer a wide variety of flavors and textures. A selection of beer and wine is also available.

Detailed Information

Inventory:
Included in asking price
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in historic downtown Brunswick, the restaurant seats 40+ patrons indoors and another 55 on a lovely outdoor patio shaded by a beautiful 300 year old live oak tree. Service is friendly and attentive. The kitchen is compact but very efficient. There is ample parking available in the vacant lot adjacent to the restaurant, half of which is owned and the other half leased for a modest $200/ month. There are also underutilized paved lots across the street. The owner wishes to retain ownership of the restaurant building and will offer a long-term lease starting at $1,450 per month with reasonable inflation adjustments, along with a first right of refusal to purchase should she ever decide to sell. Detailed financial information including owner's discretionary cash flow will be made available to qualified purchasers upon execution of a standard NDA.
Competition:
The restaurant has consistently been ranked on Trip Advisor as the best restaurant in The Golden Isles which boasts many outstanding dining establishments.
Growth & Expansion:
The $566,000 in total sales in 2015 were generated from serving lunch four days per week (Tuesday through Friday) and dinner on Friday and Saturday nights. Therefore the opportunity to expand sales by extending hours is excellent. Also space exists for a compact full service bar which would provide an additional revenue expansion opportunity.
Support & Training:
The owner will offer full training to the purchaser. Further facilitating the ownership transition, the long-time restaurant staff have agreed to stay on, if desired.
Reason for Selling:
Retirement

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Roy "Te" Turner

Business Listed By:
Roy "Te" Turner

Don Wright & Associates

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Don Wright

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