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Landmark Restaurant with Real Estate in OBX
Asking Price
$3,500,000
SDE
$760,000
Gross Revenue
Location
$3,055,000
Dare County
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!
Internal ID
8081996
Number of Employees
55
Year Established
2002
FF&E
$80,000
FF&E Included
Yes
Inventory
$10,000
Inventory Included
No
Real Estate
$2,000,000
Real Estate Included
Yes
Reason for Selling
Seller is retiring
Facilities & Assets
The restaurant has almost 3000 sq ft of purposeful space that includes a dedicated bar area, dining room, and open concept kitchen.
Support & Training
2 Weeks
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.
Growth & Expansion
Opportunities for extended operating hours and business days position this business for growth.
"*" indicates required fields
Asking Price
$3,500,000
SDE
$760,000
Gross Rev.
$3,055,000
Location
Dare County
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!
Internal ID
8081996
Number of Employees
55
Year Established
2002
FF&E
$80,000
FF&E Included
Yes
Inventory
$10,000
Inventory Included
No
Real Estate
$2,000,000
Real Estate Included
Yes
Reason for Selling
Seller is retiring
Facilities & Assets
The restaurant has almost 3000 sq ft of purposeful space that includes a dedicated bar area, dining room, and open concept kitchen.
Support & Training
2 Weeks
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.
Growth & Expansion
Opportunities for extended operating hours and business days position this business for growth.
"*" indicates required fields
Landmark Restaurant with Real Estate in OBX
https://newleafbrokerage.com/listing/landmark-restaurant-with-real-estate-in-obx-2/
Asking Price
$3,500,000
SDE
$760,000
Gross Rev.
$3,055,000
Location
Dare County
Business Description
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!
Detailed Information
Internal ID
8081996
Number of Employees
55
Year Established
2002
FF&E
$80,000
FF&E Included
Yes
Inventory
$10,000
Inventory Included
No
Real Estate
$2,000,000
Real Estate Included
Yes
Additional Information
Reason for Selling
Seller is retiring
Facilities & Assets
The restaurant has almost 3000 sq ft of purposeful space that includes a dedicated bar area, dining room, and open concept kitchen.
Support & Training
2 Weeks
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.
Growth & Expansion
Opportunities for extended operating hours and business days position this business for growth.