MergerPlace

Restaurant & Bar

North Carolina


  • Asking Price: $30,000
  • Gross Income: $1,127,285
  • Cash Flow: $207,866
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #200491
  • Established: 2007
  • Employees: 1 FT/3 PT

Business Description

Identified as one of the top seafood dives in America, this Franchise is expanding to your area. The franchise is seeking single-unit and multi-unit operators in your area.

The Franchise is already one of the most popular, best-selling regional favorites throughout the Carolina's and beyond. There are numerous reasons for this: exceptional, quality food that customers crave, clean, well-appointed restaurants and a staff committed to a superior customer experience.

Opportunities: Single, multi-unit opportunities available in: AL, FL, GA, KY, LA, MD, MS, NC, OH, PA, SC, TN, VA, WV.

The Franchise Fee of $30,000 secures your Franchise License and Territory, the Franchisor will provide additional start up costs per the Franchise Disclosure Document (FDD).


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: North Carolina

Company Information

Year Established: 2007
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT/3 PT

Financial Information

Asking Price: $30,000
Gross Revenue: $1,127,285
Cash Flow: $207,866
Seller Financing Available: No

Property Information

Facilities:

Restaurants range in size from 1700 to 2800 square feet and are categorized as casual seafood restaurants/sports bars. Size and design lend themselves to a business platform that utilize minimal staff and provide a unique fun experience for the customers. Historical Financial Summary ** Per Franchise Disclosure Document, Item 19 Financial Performance Representations: Analysis of average Gross Revenues and Operating Costs.

Growth & expansion opportunities:

Average revenue based on 2016 Item 19 from FDD is 1.127M. EBITDA is 18.4%.

Competition:

Compared to other food franchise opportunities, the franchise is highly competitive because of its below average start-up costs combined with its “lean” business model ideal for smaller spaces (1,800-2,800 sq. ft.) with an easy-to-prepare single page menu served by a very manageable crew. When a franchise opens, it is the last in a series of steps that have prepared the franchise owner, his or her staff, and the community for a new dining experience. Initial training covers the bases; Hands-on training preps employees; Ongoing support ensures continued success. Few direct competitors. If you already operate restaurants in your area, the restaurant won’t be cannibalizing your other locations. There’s really nothing like the concept in the market, so it will draw people who are specifically seeking seafood over burgers, chicken or pizza.

Reason for selling:

Are you looking for a brand with fresh, great tasting food and a killer environment? The restaurant franchise offers a unique and authentic dining experience, focused on great seafood dishes accompanied by cold adult drinks with a neighborhood sports pub atmosphere. Seafood is what health-conscious consumers want, and they would be eating more of it if they had available options. That’s where the franchise looks to dominate the casual dining marketplace. According to Technomic, only 6% of seafood entrees on menus in the United States are found in fast-casual restaurants. That means the restaurant isn’t competing in a crowded marketplace. It is the marketplace.

Support & Training:

Will train for 2 weeks @ no cost. Opportunities: Single, multi-unit opportunities available in: AL, FL, GA, KY, LA, MD, MS, NC, OH, PA, SC, TN, TX, VA, WV. Available areas in NC, SC and Tennessee are filling in and have plans to expand to the south and west. We still have opportunities: In NC - Along the I95 corridor through VA from NC to Maryland, Augusta to Atlanta GA, Florida, West Virginia, Alabama, Texas, Tennessee

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Business Listed By:

Tully Ryan

Murphy Business Brokers