Upscale Oceanfront Restaurant

Onslow County, NC

Oceanfront Restaurant on Topsail Island North Carolina
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Asking Price: Get Financing: $50,000

Cash Flow: $107,500

Gross Revenue: $505,000

EBITDA: N/A

FF&E: $10,000

Inventory: $2,000

Lease Rate: $3,000 /Year

Established: 1999

Upscale Oceanfront Restaurant

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Business Description

Oceanfront Restaurant on Topsail Island North Carolina

This is an excellent opportunity for someone wanting to own an oceanfront restaurant and bar in a busy beachfront community. The 3,000 square foot restaurant also has over 1,500 square feet of seating outside. There is an excellent view of the ocean from every table. The upscale menu offers a great selection of seasonal dishes as well as the traditional local seafood. The bar serves a wide variety of beer and fine wines as well a fully stocked bar.
The outside area is a very popular place to hold weddings and can accommodate large groups. There is also a staged area for live music with a large wooden dance floor.
Topsail Island is a growing community with a solid customer base consisting of vacationers and locals as well. If you have ever considered moving to the beach and enjoying “the beach lifestyle,” this may be the perfect opportunity.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
2 FT 6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful oceanfront restaurant located on Topsail island with an ocean view from every seat. There is an additional 1,500 square feet of outside seating. Full bar wit all ABC permits.
Competition:
Minimal competition in the area. This is the only upscale restaurant within a 5 mile radius.
Growth & Expansion:
Unlimited growth potential due to the ever growing beachfront community.
Support & Training:
Owner willing to help with training a new owner to ensure a successful transition.
Reason for Selling:
Other business interests
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Ken Puryear

Business Listed By:
Ken Puryear

VR Business Brokers

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