Popular Waterfront Restaurant in Atlantic Beach

Atlantic Beach, NC (Carteret County)

Seller Financing Available
Waterfront Restaurant

Asking Price:$199,000

Cash Flow:$81,488

Gross Revenue:$780,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$1,200,000*

Established:2006

*not included in asking price.

Popular Waterfront Restaurant in Atlantic Beach

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Business Description

Popular Restaurant located on the waterfront , business for sale with leased real estate. Real estate can be purchased for an additional $1,200,000. Fully Equipped Waterfront Restaurant located on the Atlantic Beach Causeway in Atlantic Beach, NC with 4,219± square feet of gross building area plus related site improvements including an attached deck, a detached deck and floating docks with 7 boat slips on .344± acres of land. Lease terms $5,000 per month, triple net, 3 yr. and other terms agreeable to both parties

The restaurant is a single-story cement block and wood frame building that was constructed in 1958. The property is located in Carteret County, NC. Carteret County grows from a 2015 estimated year round population of 76,449 to well over 200,000 in the summer months. People traveling along Atlantic Beach Causeway have access via a service roadway with an ingress/egress point close to the property. This roadway extends north/south along Atlantic Beach Causeway providing access to the restaurant and the adjacent commercial properties. The southern border of the property fronts Moonlight Bay and is accessible via watercraft from the Bogue Sound.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Facilities:
4,219 sq. ft. building; available for lease or purchase
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Absentee Owner

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Bill Law

Business Listed By:
Bill Law

Sunbelt Business Brokers Charlotte

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