Popular Family Style Full- Service Restaurant

Dare County, NC

The Beautiful Outer Banks!!
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Asking Price: $1,200,000

Cash Flow: $502,127

Gross Revenue: $2,304,147

EBITDA: N/A

FF&E: $150,000

Inventory: $37,500*

Real Estate: $1,200,000*

Established: 2004

*not included in asking price.

Popular Family Style Full- Service Restaurant

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Business Description

This very popular Full-Service Family Style Restaurant has an excellent reputation at the Beach. They offer great food and service at reasonable prices. They also have a lively bar with all ABC permits. It's never boring with live entertainment on select nights.
The Real Estate is owned by the business and MUST be purchased with the business. Total Price for Business and Real Estate is $2,400,000.00. Potential buyers will be required to submit a financial statement and sign a NDA before any information is released.

This business is hitting on all cylinders and is a CASH COW. It offers a buyer a chance to make a ton of money while living at the beach.

So Dare to Live the Dream at the Beautiful Outer Banks of North Carolina.

Detailed Information

Location:
Dare County, NC
Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
3,500
Employees:
40
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building is free standing with plenty of parking. Inside the layout works very nice. The Real Estate must be purchased with the business.
Competition:
This restaurant holds it own, compared to any restaurant on The Outer Banks. It is a OBX Favorite!!
Growth & Expansion:
Growth opportunities could include a second location
Support & Training:
The owner's are willing to train for 80 hours during the first month of ownership.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Brent Tomlinson

Business Listed By:
Brent Tomlinson

Tomlinson and Associates

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