Very Profitable Seafood Restaurant with SBA Lender Pre-approval!!
| Asking Price: | $1,500,000 |
| Gross Revenue: | $1,872,295 |
| Rent: | $9,035.87 |
| Established Year: | 2009 |
| Cash Flow: | $474,403 |
| Inventory: | $20,000 |
| FF&E: | $150,000 |
SBA lender pre-approved seller listing. Turnkey and very profitable!!!
Key Investment Considerations:
• Gross Revenue of $1,669,431 in 2022 & $1,872,295 in 2023
• $298,760 in Seller Discretionary Earning in 2022
• $474,403 in Seller Discretionary Earning in 2023
• Tracking for $1,972,961 in revenue & $701,298 in Seller Discretionary Earnings by end of 2024.
• Business established and under the same ownership since July 2009.
• Reason for sale: Retirement
• Very few seafood restaurants in the area with limited competition.
• Rapid growth in revenue and earnings since Covid.
• Well-known seafood restaurant in immediate serving area since 2009 and under the same ownership.
• A recently built VA hospital within a mile of the restaurant can increase sales tremendously once opens in early 2025.
• Google 4.5 rating with 982 reviews.
• Yelp 4.2 rating with 299 reviews.
• With opportunity to increase sales by extending service hours & online delivery service providers.
• Dine-in & Takeout services with online ordering available.
• SBA Lender Pre-approval with Seller.
• Turn-Key operation.
• The seller is willing to train for 4 weeks after closing.
• $150,000 worth of FF&E included in the listing price.
This Central Virginia Seafood Restaurant has been the premier destination for fresh, high-quality seafood in its serving area. Recognizing a significant gap in the market for a dedicated, upscale seafood restaurant, it offers a unique dining experience that combines:
• Exceptional Seafood: Sourcing the freshest, sustainably caught seafood from local and regional suppliers, ensuring quality and taste.
• Innovative Cuisine: A menu featuring both classic seafood dishes and creative, modern interpretations, catering to a diverse palate.
• Warm and Inviting Ambiance: A stylish yet comfortable atmosphere that blends coastal elegance with the local charm.
• Exceptional Service: Providing attentive, knowledgeable staff dedicated to creating a memorable dining experience for every guest.
This restaurant caters to a wide range of clientele, including families, couples, and business professionals seeking a quality dining experience.
The restaurant's success has been driven by a strong focus on:
• High-quality ingredients: Providing fresh, flavorful seafood prepared with care and expertise.
• Exceptional customer service: Creating a warm and welcoming atmosphere where guests feel valued and cared for.
Because of retirement, current business owners are putting this business in the market and hence this great opportunity for acquisition.
