Spectacular opportunity to acquire two profitable waterfront restaurants in a premier marina environment. The businesses operate under two distinct concepts: one year-round restaurant and one seasonal operation. The marina currently supports approximately 300 slips, with an additional 100 slips planned for 2027, bringing the total to 400. The restaurants are strongly supported by boat owners and the general public, with nearby apartment complexes further driving consistent traffic. The clientele includes boat owners from Massachusetts, Rhode Island, and Connecticut - an affluent customer base known for strong discretionary spending. Both restaurants offer incredible water views, highlighted by exceptional sunset dining experiences. Ownership is seeking an experienced seasonal operator or hospitality group capable of maximizing growth potential.
PARKING: Ample on-site parking for both restaurants, with additional large lot next door.
EQUIPMENT: The equipment is in excellent condition, has been well maintained & is of good quality.
LEASE TERM: To be negotiated
BASE RENT: To be negotiated
CONCEPT: Full-Service Restaurants
SIZE: Restaurant #1: 3,800 SF; Restaurant #2: 5,000 SF
SEATS: Restaurant #1: 100 total (21 bar / 79 dining);
Restaurant #2: 266 total (42 bar / 224 dining, patio & lawn)
LICENSES: Full liquor license with entertainment
HOURS: One location open year-round, the other is open seasonally
SALES: Restaurant #1: Projected $2.5M; Restaurant #2: $2M (2025 season) Alcohol sales~50%
CASH FLOW: Approx. $750,000 annually (combined)
ASKING PRICE: $3,900,000 (For the Two Businesses – Some Seller Financing Available)
Ad#:2467018
