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Accommodation & Food Services

REDUCED Established Profitable Restaurant In Pasquotank County

Elizabeth City, NC, USA
Listed 278 days ago
Established 2013

For over 10 years, this restaurant has been a favorite in this Harbor Town. This free-standing restaurant is located on the best and busiest road in town. Sprawling over 5,400 sq ft., with 225 seats, 60 parking spaces, and a rent of ONLY $5,750, the sky is the limit!! They are open from 10:30 am until 8 pm daily. The kitchen and dining are fully equipped, as well as an updated sprinkler, ansul, and security system. Sales are currently over 800k, operating lunch and dinner only with NO liquor. The restaurant has a casual, family-friendly menu with burgers, fish, steaks, and more. A new owner could add breakfast (open market) or add liquor to the lunch and dinner menu to increase revenue substantially. The restaurant has a great customer base with lots of potential to grow this restaurant to 1.2-1.5M a year. Great, knowledgeable, and hardworking staff of 20 already in place. We close two to three weeks a year for the staff and us to take vacation time. Priced for quick sale due to the seller’s family needs. The seller is retiring after 30 years in the restaurant business. Great opportunity for a restaurateur who wants to make money from day 1 and grow it into something special in this prime location! Some seller financing may be available, but only a small portion, and at the seller's discretion. The inventory is not included in the sale price but will be taken before the close and added to the purchase amount.

Location

Stand-alone restaurant

Employees

20

Real Estate

Lease

Trading Hours

10:30 a.m. until 8 p.m.

Support & Training

2 weeks

Size In Square Feet

5,400

Reason for Selling

Family

Financials

Asking Price
$200K
RevenueMost Recent Year
Undisclosed
Earnings (SDE)Last Reported
$120K
Assets ValueIncluded in Asking Price
$100K
Seller Financing
Not available

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