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Profitable Coastal Oregon Seafood Restaurant

Winchester Bay, OR
Front

Seller Financing Available

Front
Asking Price:$350,000
Established Year:2018
Gross Revenue:$550,000
Listing ID: 2290148Listing provided by BizBuySell
BUSINESS DESCRIPTION

Well Established. Turnkey. Profitable.

Crabby's has become one of the Oregon coast's most popular and recognized restaurants. It has a solid regular local customer base and is highly popular with tourists during the summer.

It is located right on the marina in Salmon Harbor. $500k+ gross sales over the last 3 years. Average ticket is $40. Cash cow for a hands-on owner with lower labor cost.

Sale includes all FFE, ~50 indoor seats ~30 outdoor seats, walk-in cooler, dishwasher, kitchenware, dinnerware, refrigerators, freezers, propane fryers and grill. Full beer tap system. Electric heat and WH. New roof. Tons of public parking.

Building is included with purchase. 1750 SF land is leased from Salmon Harbor and is good through 2032 at which point it can be renegotiated.

Limited financial information available with NDA. Serious inquiries only.
Seller contact is the owner (not a broker).

DETAILED INFORMATION
Location
Winchester Bay, OR
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
10
Facilities
Everything is included. New owner can continue operating immediately as-is or make whatever changes. Staffing ranges from 4 during winter to 15+ during summer.
Competition
Winchester Bay and Salmon Harbor are one of Oregon's most popular summer destinations. Walking distance to the RV parks and Dunes park. Fresh-caught seafood right from the docking crab and fishing boats. Crabbys is the quality and price leader of all local restaurants.
Growth & Expansion
Addition of a rooftop deck would give 360 degree views and make this a stellar destination.
Financing
Potential partial owner carry with at least 50% down.
Support & Training
Most staff are well trained and willing to stay on with new owner, making transition simple.
Reason for Selling
Need to relocate due to medical reasons.
BUSINESS LOCATION
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Matthew Cleverley
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Matthew Cleverley
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