MergerPlace

Prime Waterfront Restaurant & Marina

Massachusetts (Barnstable)


  • Asking Price: $1,390,000
  • Gross Income: $858,000
  • Cash Flow: $168,000
  • Real Estate: $1,090,000
  • Inventory: $3,000
  • FF&E: $110,000
  • Listing ID: #201977
  • Established: 1994
  • Employees: 3 FT/9 PT

Business Description

Operating Restaurant & Fish Market - 33 Slip Marina - Waterfront Property.

This is the "seafood destination" place for seafood and casual dining for 27 years. Overlooks a harbor and marina. Great turn key opportunity for a chef/owner. Exceptional acquisition for an existing restaurant owner. Equity growth & Income opportunity for a Real Estate investor.

Restaurant/Marina revenue for 2017 exceeding 2016. Numerous facility improvements last two years. Fully functional equipment, seating inside and outside on two waterfront decks. Seating for 65+. Great visibility from a heavily traveled highway, close to major Interstates, easy for traffic to access and abundant private parking. Close to canal and Buzzards Bay Waterway.

Seller financing opportunity on the restaurant only with 35% down payment and good credit credentials and references. Restaurant business for sale Offering is $300,000.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Massachusetts
County: Barnstable

Company Information

Year Established: 1994
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/9 PT

Financial Information

Asking Price: $1,390,000
Gross Revenue: $858,000
Cash Flow: $168,000
FF&E: $110,000
Inventory: $3,000
Real Estate: $1,090,000
Seller Financing Available: No

Property Information

Facilities:

Property: Nearly 1/2 acre along side sheltered harbor. Building: 1220 sq ft under roof, full dry basement plus outbuilding dry & refrigerated. Total square feet above ground with enlarged decks is about 2500 sq ft. Municipal water and sewer connected.

Growth & expansion opportunities:

MANY MORE RESTAURANT OPPORTUNITIES: Extend the evening hours beyond the current 8pm Set a raw bar...raw bar shack on site. Promote Farm/Sea to table dining Casual entertainment Private catering - clam bakes - parties & weddings Cooking classes Boat & Jet Ski rentals

Competition:

There is a variety of other restaurants in the area. On the whole, this tends to draw customers to the general area as a restaurant destination. However, none of the other establishments have three profit centers (restaurant, seafood store, marina) nor the waterside ambiance available with this Offering.

Reason for selling:

Owners retiring.

Support & Training:

Will train for 4 weeks @ no cost. The business will require normal restaurant skills of the owner or a trusted first mate. The owners are not moving away and will make themselves available for a smooth transition. There is a trusted bookkeeper/administrative person under contract.

Contact Business Seller

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Business Listed By:

John Dirkmaat

Murphy Business Brokers