$60,000

Attractive Seafood Restaurant on the Water

North Carolina/Elizabeth City
Financials
  • Price: $60,000
  • Gross Income: $251,000
  • Cash Flow: $0
  • FFE: $45,000
  • Inventory: $4,000
  • Real Estate Value: $725,000
  • Source Data:
About the Business
  • Listing ID: #1537
  • Year Established: 2013
  • Financing: seller provided
  • Training: seller provided
  • Facilities: newly renovated
  • Competition:no competition
  • Growth:
  • Employees:

Property Descriptions

Attractive Seafood Restaurant on the Water! Located in Elizabeth City, Serving a delicious selection of fresh seafood, world class crab cakes and steaks. The food selections are freshly homemade and prepared to order, delivering the highest quality food at reasonable prices with excellent customer service. It is a meeting place for vacationers, fishermen, locals, and families & friends. Completely Renovated inside and out in 2013, the owners have done the ultimate makeover! The interior was completely redone, including the addition of new tables and chairs. The first-floor interior includes a bar with 32-inch and 47-inch television screens and a renovated kitchen. The middle area of the first-floor interior, with sliding doors, can be converted to serve as a private banquet room, with a 50-inch screen. The main dining area, which faces the waterfront, has three 32-inch television screens. Also, the restaurant has tables that can be placed on the waterfront deck to accommodate customers who want to dine outside. The owners already have the approval to extend the deck, including out into the Pasquotank, and build 10 boat slips. This location is becoming a regular stop for tourists and travelers. Family owned and operated, this business is committed to customer service and great food. The decision to sell does not come easily for these committed owners. The business and real estate may be purchased as a package; however, the owner will also entertain offers for the business alone with a lease option to acquire the property in the future, or simply to enter into a lease for the property. In either event, the current owner will assure a buyer a smooth transition into the operation and offer some level of financing for the right buyer candidate., For more information, call Tom Fox with Advanced Business Brokerage at (757)270-3291 or email at tfox@advancedbusinessbrokerage.com.

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

Frank Chebalo, CBI, ABI, CMSBB, CBC 4445 Corporation Lane, Virginia, Virginia Beach