Profitable Seafood Restaurant - Partnership

Listing Number: 5063-53359

Description

The hard part is done!! This restaurant is established and profitable. The current owner is looking for a partner to share both the workload and the profits of this seafood restaurant. Yearly revenue for this business has hovered around $1.5 million for the past few years.
A majority of the capital invested into this partnership will be used for a renovation that will both modernize and rearrange the layout to greatly increased revenues. The ideal candidate for this opportunity would have chef or management experience and investment capital of $150K-$200K.

Listing Details

  • Price: $159,000
  • Down Payment: $159,000
  • Sellers Discretionary Earnings: $200,000
  • Total Sales: $1,500,000
  • Location: Suffolk, New York

  • Inventory: $0
  • FF&E: $50,000
  • Employees: 14
  • Year Established: 25
  • Reason for Selling: Partnership desired
  • Category: Restaurants
Profitable Seafood Restaurant - Partnership

Business Listed By:

Doug Dacosta