48 Year Old Well Established Seafood Restaurant
New Castle County, DESale Pending
Business Description
Once in a lifetime opportunity. This is a very rare chance for you to own an establishment that has been a part of the community since 1975. This well known restaurant serves all types of seafood, from crab legs to oysters to shrimp. They have lasted almost 5 decades because they know how to do it right.
Great restaurant but an even greater deal. You get a fully staffed turn key restaurant with a team of experienced employees who are all staying. Everyone stays on except the current owner, but he will stay around and train you as long as needed.
This business is underpriced for a quick sale because it’s just time for him to retire. To make this great deal even greater, they will allow you to assume their small SBA loan which is at a very low interest rate. You should be able to get a complete return on your investment and make a net profit in your 1st year of ownership.
The great business, the great price along with the terms make this a truly incredible deal.
Real Estate:Leased
Building SF:5,500
Employees:10
Furniture, Fixtures, & Equipment (FF&E):Included in asking price