Exceptionally Well-Run and Profitable Outer Banks Restaurant

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!

Total Sales: $3,055,000

Cash Flow: $625,500

FFE: $80,000

FFE Included: Yes

Inventory: $10,000

Inventory Included: No

Year Established: 2002

Employees: 55

Managers: 3

Real Estate Included: No

Square Footage: 2900

Franchise: No

Facilities Information:

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

Reason For Sale:

Seller is retiring

Training & Support:

2 Weeks

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.

Potential Growth:

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