MergerPlace

Seafood Restaurant, Fish Market

Massachusetts (Barnstable)


  • Asking Price: $300,000
  • Gross Income: $800,000
  • Cash Flow: $110,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $50,000
  • Listing ID: #203995
  • Established: 1994
  • Employees: 3 FT/9 PT

Business Description

This restaurant is "the destination" for seafood and casual dining for 27 years. Great turn key opportunity for a chef/owner. Exceptional acquisition for an existing restaurant owner. Projected Revenue for 2017 exceeding prior year.

Beer & Wine Service License new for 2017 as well as numerous facility improvements. Fully functional equipment, seating inside and out for al fresco dining on two waterfront decks. Seating for 65. Great visibility from a heavily traveled highway. Close to nearby major Interstates. Close to canal and Buzzards Bay waterway.

Owner agrees to seller financing as an option with 35% down payment, good credit credentials and references. Owners to remain in the area and are available for consultation.


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: $300,000
Gross Revenue: $800,000
Cash Flow: $110,000
FF&E: $50,000
Seller Financing Available: No

Property Information

Facilities:

Municipal Sewer and water connected. Total area with 2 waterfront decks is about 2500 sq ft. Lease from seller/owner, $24/sq ft triple net. Owner will work with the buyer on a long term lease. Two months security deposit and good credit required.

Growth & expansion opportunities:

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

Reason for selling:

Owners retirement.

Support & Training:

Will train for 4 weeks @ no cost.

Contact Business Seller

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Business Listed By:

John Dirkmaat

Murphy Business Brokers