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Live the Island Life! Thriving Beachfront Restaurant
Asking Price
$5,750,000
SDE
$854,000
EBITDA
$854,000
Gross Revenue
Location
$3,439,000
Dare County, NC
1.5 acres of prime oceanfront real estate included!!
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. The property includes a separate additional 2,200 sq ft private owners residence with ocean views steps from the beach.
Internal ID
8081981
Number of Employees
45
Year Established
2006
FF&E
$216,000
FF&E Included
Yes
Inventory
$53,000
Real Estate
$3,000,000
Real Estate Included
Yes
Reason for Selling
Retirement
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. There is an additional 2,200 sq ft private residence on the property. The site includes ample parking and room for pets to roam.
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
Market & Competition
This vibrant, successful year round restaurant has very few competitors, and of those, only one of which is open year round.
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.
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Asking Price
$5,750,000
SDE
$854,000
EBITDA
$854,000
Gross Rev.
$3,439,000
Location
Dare County, NC
1.5 acres of prime oceanfront real estate included!!
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. The property includes a separate additional 2,200 sq ft private owners residence with ocean views steps from the beach.
Internal ID
8081981
Number of Employees
45
Year Established
2006
FF&E
$216,000
FF&E Included
Yes
Inventory
$53,000
Real Estate
$3,000,000
Real Estate Included
Yes
Reason for Selling
Retirement
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. There is an additional 2,200 sq ft private residence on the property. The site includes ample parking and room for pets to roam.
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
Market & Competition
This vibrant, successful year round restaurant has very few competitors, and of those, only one of which is open year round.
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.
"*" indicates required fields
Live the Island Life! Thriving Beachfront Restaurant
https://newleafbrokerage.com/listing/live-the-island-life-thriving-beachfront-restaurant/
Asking Price
$5,750,000
SDE
$854,000
EBITDA
$854,000
Gross Rev.
$3,439,000
Location
Dare County, NC
Business Description
1.5 acres of prime oceanfront real estate included!!
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. The property includes a separate additional 2,200 sq ft private owners residence with ocean views steps from the beach.
Detailed Information
Internal ID
8081981
Number of Employees
45
Year Established
2006
FF&E
$216,000
FF&E Included
Yes
Inventory
$53,000
Real Estate
$3,000,000
Real Estate Included
Yes
Additional Information
Reason for Selling
Retirement
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. There is an additional 2,200 sq ft private residence on the property. The site includes ample parking and room for pets to roam.
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
Market & Competition
This vibrant, successful year round restaurant has very few competitors, and of those, only one of which is open year round.
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.