OBX Semi Ocean Front Restaurant & Property

Kitty Hawk, NC (Dare County)

View from East

Asking Price:$2,999,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$200,000

Inventory:N/A

Real Estate:$2,250,000

Established:1993

OBX Semi Ocean Front Restaurant & Property

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Business Description

20+ Year Established Restaurant, Owners Cottage, 1.3 acres

Outer Banks Lifestyle at its Best! Work and live the Island style of the OBX with a well established restaurant conceived in 1993. Serving Pacific Rim & Caribbean Cuisine with a highly reviewed and rated reputation. Seasonal business with winters off and busy summer months revenue. Ocean views, two different dining rooms and ocean view deck with outdoor dining. On premise 3 bed 2 bath owners cottage, 50k gallon koi pond for kids and family to feed the fish, all on 1.3 acres of property. Expansion growth possibilities are endless.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant has 3168sq ft, 858 sq ft Ocean View Deck, seats well over 124 with waiting areas. Building has been well maintained and landscaped. Septic system is over built for future expansion possibilities. Property is underdeveloped and ripe for expansion or catering facility to capitalize on local Billion Dollar budding wedding industry. All equipment and furnishings convey with a few decorative exceptions. (Home Based)
Competition:
Prime location across the street from Atlantic. Newly built Hilton Garden Hotel within 100yrds of property. Planned spring 2017 beach nourishment directly in front of restaurant dramatically increasing foot traffic. Restaurant has niche family affordable dining draw with a tropical flare and progressive culinary reputation.
Growth & Expansion:
Expansion and revenue growth opportunities are endless. Property offered for sale is over 56,000 square feet - 1.3 acres. All zoned commercial and ripe for catering facility, restaurant expansion, or wedding venue. Currently restaurant is more than profitable only open 230 days a year...... Year round business and gross income increase is easily attainable.
Support & Training:
Open to sale transition support and training negotiation.
Reason for Selling:
Pursuing semi retirement and relocation after 30 years in service industry
Home-Based:
This business is Home-Based
Business Website:
http://Rundowncafe.com

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Business Listed By:
Michael

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