Business Summary

This profitable family-owned restaurant with a scenic location proudly serves travelers and the local community. They offer a diverse menu of American food and hand-tossed pizza served in a friendly environment with prompt service. Overlooking the water is a year-round outdoor seating area with patio heaters. Other amenities include a full-service bar, numerous flat screen TVs and live music. It is located off a major interstate with over 40,000 passing cars per day.

Sales have grown consistently over the last four years and include profitable takeout and delivery services. Revenue of $780k through August 2022 is on track for a record year and reflects >20% growth over 2021. The building is in good condition with a recently replaced roof and updated kitchen equipment.

Details:

2021 Revenue:                       $900,000

2022 Revenue Forecast:       $1,100,000

Average Annual SDE:          approximately $150,000

Real Estate:                           3,500 square feet on 0.25 acres; $195,000 estimated value
Employees:                            25 full and part-time

Investment Highlights:

• Scenic waterfront setting with outdoor seating
• Sales growth throughout Covid shutdown, with further growth in 2022
• Located near a major interstate

Growth Opportunities:

• Install serving window to capitalize on new park and open space next door
• Benefit from full-year impact of opening on Monday’s and for breakfast
• Generate revenue from upstairs apartment

Support & Training: Owner is willing to assist the transition

Reason for Selling:   Focus on other opportunities