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229034 Well Established Fresh Seafood Retail & Restaurant

Listing Number: 9525-229034


Don't miss this opportunity to acquire a very successful fresh seafood retailer with a full-service restaurant. This family has been in the seafood business for over 60 years and built a very successful brand. When the son of the owner started his own restaurant, he brought all the family knowledge and connections into his business.

The business comes complete with a late model, custom made, refrigerated seafood truck, that is used to pick up fresh goods from established providers on the eastern shore. The retail store offers take-out with a wide array of sea fare such as: oysters, crab, clams, mussels, shrimp, scallops, and a variety of fresh fish. There is also a selection of daily made sides and salads. The low cost of goods would allow for expansion into mobile (pop-up) sales or wholesale to local restaurants, but the Seller has not needed to pursue this marketing strategy.

The retail store and restaurant were moved a few years ago into a completely remolded free standing building with new HVAC, electrical, plumbing, and ample parking. All of the restaurant equipment is almost new including full-service seating for 20 -30 patrons, Take-out and third-party delivery account for a large portion of restaurant sales.

There are approximately 12 -14 part time employees who will stay, some of whom have been with the Seller since opening. The Seller and his wife work a standard 30-hour schedule, Less out of season and more during peak season. The Seller is retiring to look after his real estate and other investments.

The Seller is open to a fractional sale to a well-financed operator, who would engage him to stay for a few more years as part of a dynamic team with plans to expand the business through franchising or acquisition.

Listing Details

  • Price: $ 1,395,000
  • Down Payment: $1,395,000
  • Sellers Discretionary Earnings: $ 400,000
  • Total Sales: $ 1,326,614
  • Location: Withdrawn, West Virginia

  • Inventory: $ 0
  • FF&E: $ 370,000
  • Employees: 14
  • Year Established: 2012
  • Reason for Selling: Other business interest
  • Category: Restaurants
229034 Well Established Fresh Seafood Retail & Restaurant

Business Listed By:

Bill Kelly
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