* Included in Asking Price
This seafood restaurant and oyster bar for sale is located along the North Carolina inner banks coastal region in a peaceful community that is also popular with high income visitors who return each year due to a specific local attraction. This full service restaurant for sale has great name recognition among the local community and in the neighboring towns in the region. It is very well known for high quality food, affordable prices, and family atmosphere. This great restaurant for sale has been owned and operated for thirty years by the same owner serving local favorites such as crabs, oysters, shrimps and top-of-the-line steak. The recipes developed by the owner in a lifetime in the business include the best clam chowder and the best she-crab soup on the North Carolina coast!
This restaurant for sale includes the real estate which is located on the main thoroughfare through town. The building is approximately 5,000 sq ft including main dining area, oyster bar and entertainment area with its own separate entrance, kitchen area and office. Parking is very adequate and acreage is close to 2 acres. Lending is always available on real property so let's talk about your options!
Since the building is set up with two seating sections with individual entrances and shared kitchen, two concepts can be operated on-site. Currently, one is the main dining and the other is the oyster bar. The bar is also used for private events and holiday functions and offers evening entertainment. There are great opportunities for further growth and concept updating. You can add breakfast & Sunday brunch and you can also expand into regional full service catering. Current owner does almost no marketing, yet brand is highly recognized: enhanced marketing would turn into top-of-mind regional destination.
Gross sales at this restaurant for sale are in the $400,000 range and growing. Growth accelerated in 2016 with the addition of take-out sales of beer-by-the-case and local produce, a service highly appreciated in the local market. With seating for over 175 people, revenues can be expanded even more rapidly by a new owner bringing in fresh culinary concepts and good management skills. A new and large gated community in the vicinity will further add to local demand as there is limited competition in the area. This is the primary local destination for good dining and a magnet for visitors. Best place to eat and best restaurant to work at with very low employee turnover (tenure up to 15 years!). Prospective buyers will ascertain discretionary cash flow potential when they discuss the details of operations with the owner who personally manages all processes in the restaurant including its accounting.
The area will be a great place to live for a new owner relocating to the North Carolina coastal region with low cost of living and easy access to coastal recreation, boating, fishing and other outdoor activities. The founder and current owner is highly respected and known in the community and wants the restaurant to continue to be successful and to be improved by an energetic new owner with strong culinary and management skills. Seller will train and support a qualified buyer as needed. All recipes, methods and supply sources developed over a lifetime in the business will transfer to the new owner-operator who can then take this great seafood restaurant for sale to a new level!
Call us and let's discuss how you can become the new owner of this well-established restaurant for sale in North Carolina.
Real Estate Number: 270064
|Sale Reason:||Owner preparing to retire after 30 years building and running this highly recognized restaurant.|
Seller Reference #GREENNC002-N8
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