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Accommodation & Food Services

Thriving Island Restaurant Opportunity!

Dare County, NC, USA
Updated 18 hours ago
Established 2006

This unique opportunity is a vibrant, year round, highly profitable restaurant and catering business located in a beautiful island community in North Carolina. Situated on 1.5 acres of prime second row oceanfront real estate, profitability of this restaurant continued to grow in 2020 despite the Covid 19 restaurant shutdown and related loss of catering opportunities. This restaurant is poised for even greater growth in 2021, as the catering business returns and the effects of the pandemic subside.

Inventory

$53,000

Internal Id

8081985

Growth & Expansion

As COVID fears diminish, wedding and special event catering opportunities will return to the vacation destinations to levels prior to the pandemic. The restaurant is poised to capitalize on the return of this business. Further upside is possible with a concentrated catering marketing campaign. Additionally, a new owner with the ability to expand social media marketing will also drive additional restaurant growth.

Inventory Included

Yes

Support & Training

The owner and Head Chef have offered to spend 4-weeks of dedicated, in-person time to aid and support the new owner for no additional consideration

Facilities & Assets

Located on 1.5 acres of prime 2nd Row beachfront real estate, the restaurant facility has approximately 4,600 finished sq ft, plus an additional 2,000 sq ft in finished patios & decks. The site includes ample parking and room for pets to roam.

Number Of Employees

45

Market & Competition

This vibrant, successful year round restaurant has very few competitors, and of those, only one of which is open year round.

Real Estate Included

No

Reason for Selling

Retirement

Financials

Asking Price
$2.5M
RevenueMost Recent Year
$3.5M
Earnings (SDE)Last Reported
$900K
Assets ValueIncluded in Asking Price
$216K
Seller Financing
Not available

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