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Accommodation & Food Services

Landmark Restaurant with Real Estate in OBX

Dare County, NC, USA
Updated 18 hours ago
Established 2002

This is a rare opportunity to purchase a popular landmark restaurant with a unique, trendy vibe in a beautiful island setting. A staple in the Outer Banks for the last 20 years, this restaurant has been featured in the news and on television. Its first row beachfront property and location on the island position it for continued success for the years to come. The restaurant is thriving and poised for its most successful and lucrative years to date. 2021 was a banner year for both top-line sales and bottom line profit. 2022 is off to an even better start. Don’t miss this great opportunity to purchase a unique, profitable business with prime real estate in the Outer Banks!

Inventory

$10,000

Internal Id

8081996A

Growth & Expansion

Opportunities for extended operating hours and business days position this business for growth.

Inventory Included

No

Support & Training

2 Weeks

Facilities & Assets

The restaurant has almost 3000 sq ft of purposeful space that includes a dedicated bar area, dining room, and open concept kitchen.

Number Of Employees

55

Market & Competition

There are a substantial amount of restaurants on the outer banks, but often times they are not viewed as competition. Each restaurant has a unique vibe that makes them attractive to different audiences. Demand on the island outpaces supply, and this restaurant is ALWAYS busy.

Real Estate Included

No

Reason for Selling

Seller is retiring

Financials

Asking Price
$1.5M
RevenueMost Recent Year
$3.1M
Earnings (SDE)Last Reported
$626K
Assets ValueIncluded in Asking Price
$80K
Seller Financing
Not available

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