Here is an opportunity to own that takeout seafood restaurant on Cape Cod that you have always dreamed about. Known by generations of summer tourists and locals alike, this roadside joint is famous for its fried seafood specials, pizza, subs and ice cream. Situated on a high traffic road, this 60 year old business comes with indoor/outdoor seating, off street parking and a fully equipped kitchen.
Currently open year-round, this restaurant has a 1,610 sqft interior with a monthly rent of $2,400. In 2018-2019, gross sales averaged $239,078 per year but they have dramatically increased since the pandemic hit at over $372k in 2020 and an even higher revenue expected for 2021. Start making money on your first day with this turnkey business that comes with the tradename, equipment, furniture, supplies and inventory. Seller is willing to entertain owner finance and training offers from qualified buyers.
This business has been a landmark eatery on Cape Cod since the early 1960's. Many of the original seafood items have remained on the menu but the owner has added pizza, subs and some tasty ethnic specials over the years.
There is limited competition from other restaurants in the area because the majority of the seafood restaurants are sit down style with no takeout options such as pizza, subs and daily specials. The competitive advantage is the variety of its menu in conjunction with quick and convenient service.
This business offers an energetic buyer a lot of potential for sales growth and profitability. Below are a few recommendations suggested by the Seller: * Offer delivery options for the area especially for pizza, subs and salads. * Create a more dynamic social media presence with specials and promotions. * Develop a business website with an online ordering and payment system.
The restaurant sits on just under a half acre lot and comes with 20 paved parking spaces and a garden seating area in the back. The building measures 1610 sqft with a canopy and comes with a main dining area, fully equipped kitchen, storage/prep room and two bathrooms
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.