Turn Key - High Quality Profitable Seafood Deli Restaurant

Franklin, NC (Macon County)

Profitable Seafood Deli Restaurant
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Asking Price: Get Financing: $325,000

Cash Flow: $144,226

Gross Revenue: $783,830

EBITDA: N/A

FF&E: $65,000

Inventory: $5,000

Lease Rate: $2,000 /Month

Established: 2012

Turn Key - High Quality Profitable Seafood Deli Restaurant

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Business Description

Opportunity to purchase a very successful high cashflow Deli/ Restaurant specialising in Seafood Lunches and Dinners. The popular and varied menu includes sandwiches, seafood, meats and deserts etc. This is a year round business and has a solid base of regular daily customers for lunches and dinner. An increase in licensed seating numbers by approximately 20%, with upcoming changes to the premises should show a substantial increase in profits. An additional room is available for small private parties or local organisation meetings. An opportunity to increased profits could be attained by developing the currently small outside catering business. The business is well equipped with evening manager and excellent staff in place all on W-2. Financials are extremely clean and current.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
12/31/2021
Employees:
9 FT & 9 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Excellent 3000 sq ft facility with private office space and additional space for approximately 20% increase in seating capacity. Great kitchen facility with hood, walk in cooler and food prep area.
Competition:
Most popular restaurant deli in the area close to employers with large numbers of staff.
Growth & Expansion:
20% increase in seating capacity will give the opportunity for increased profits without increasing capital expenditure.
Support & Training:
2 weeks at no cost
Reason for Selling:
Retirement
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Peter Garrod

Business Listed By:
Peter Garrod

WNC Business Brokerage

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