This is an excellent opportunity for a buyer to earn an income while accruing value in the ownership of their own property in a growing neighborhood. The restaurant and included property and buildings, derive revenue from the sale of primarily seafood, but also including other foods, such as burgers, fries, wraps, etc., as well as rent from apartments. The licensed restaurant seats 50 customers with an additional 35 on an outdoor deck, weather permitting. 80% of sales are to eat-in customers with 20% from takeout. The highly visible, high traffic location is the primary source of customers. The restaurant enjoys a busy season from May to November.
The Building, Leasehold Improvements and Equipment are only three years old in excellent condition. The building (3,890 sq ft) has an existing net rent of over $55,000 including the restaurant and apartments. A current appraisal is available.
The restaurant is located in a highly visible, high traffic location in a fast growing neighborhood. Although the restaurant sells primarily seafood and convenience foods, it could be converted to other types of cuisine, if desired. Opportunity also exists for additional take out or the addition of delivery.
The owner has other business interests.
Will train for 4 weeks @ no cost. No special skills are required.