Business For Sale Listing 155223
Seafood and Barbeque Restaurant
Status as of Nov-22-2008 at 05:59 PM: Active
Business Summary
This well known, fully equipped seafood restaurant with catering includes the real estate. It is desirably located on a major high traffic highway in a rapid growing area of Wake County. The building is over 7,000 sq. ft., 8 years old, and is on over 1.5 acres of land. The tax value of the real estate is over $1,800,000.
The restaurant has experienced new family style restaurant competition in recent years, and as a result, the owner has experienced losses, and does not have the resources to promote the restaurant. Sales are averaging over $125,000 per month, but the restaurant currently is operating at a loss. The owner is approaching retirement age, burnt out, and he desires a quick sale.
The asking price for this restaurant is priced below the appraised value of $2,280,000 to facilitate a quick sale.
This restaurant represents an exceptional opportunity for a professional that has the resources to promote the restaurant, and build upon the current customer base.
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