Well Established Fresh Seafood Retail & Restaurant
Not Disclosed, WV Berkeley County
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- RE: Well Established Fresh Seafood Retail & Restaurant
- Contact: Bill Kelly
Quick Facts
| Asking Price: | $1,395,000 | |
| Annual Revenue: | $1,326,614 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $400,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2012 | |
| Employees: | 14 | |
| BBN Listing #: | 938394 | |
| Broker Reference #: | 9525-229034 |
Business Overview:
Don't miss this opportunity to acquire a very successful fresh seafood retailer with a full-service restaurant. This family has been in the seafood business for over 60 years and built a very successful brand. When the son of the owner started his own restaurant, he brought all the family knowledge and connections into his business. The business comes complete with a late model, custom made, refrigerated seafood truck, that is used to pick up fresh goods from established providers on the eastern shore. The retail store offers take-out with a wide array of sea fare such as: oysters, crab, clams, mussels, shrimp, scallops, and a variety of fresh fish. There is also a selection of daily made sides and salads. The low cost of goods would allow for expansion into mobile (pop-up) sales or wholesale to local restaurants, but the Seller has not needed to pursue this marketing strategy. The retail store and restaurant were moved a few years ago into a completely remolded free standing building with new HVAC, electrical, plumbing, and ample parking.
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Property Features and Assets:
-Real Estate Available for Purchase or Lease-
Real Estate Asking Price: $900,000.00
Monthly Rent: $4,583.00
Square Units (Foot, Meter): 22,651
Lease Expiration Date: December 31, 2024, 9:00:00 PM
Market Competition and Expansion:
Competition: This is business is well established and the only fresh seafood retail & restaurant store in its area of operation.
Expansion: This business has a well established brand, and does almost no advertising. It is very well positioned to expand into mobile (pop up) or wholesale fresh seafood sales. The retail store and restaurant operations are well defined for expansion to other locations or through franchise development.
Reason for Selling:
Other Business InterestsAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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