Apr 29, 2020 — Please do not talk to employees when visiting the location. Seller is a 100% absentee owner and has access to the cameras on site. If he finds out you spoke to employees, then he will not do a deal with you.
Even during Coronavirus pandemic, weekly sales are not significantly affected!
100% Absentee-Owned Captain D's in Metro-Nashville, TN Area! Sales for 2019 are $1,047,632! EBITDA is $202,540 after paying $311,669 in yearly payroll! Cap rate at 9.00%! The Seller is paying the general manager a $50,000 yearly salary. Buyer can bring payroll down to a more efficient level at 25% of revenue, which is typical for a QSR managed properly. That would increase net profit an additional $50,000!
Seller has too many businesses to manage and is spread thin. Buyer with more time to spend on the business could reduce COGS to 30% and save over $30,000! COGS is currently at 33% for an Absentee Operation.
Newly built in 2018! No re-image requirements for the Buyer!
Exit Location! 30 mins from Nashville, TN!
Captain D’s has been a place where customers can share great seafood in a warm and family-friendly environment, at unbeatable value. Fast, casual seafood restaurant chain serving fish & seafood dishes.
Average Daily Car Count is about 18,600! Total population within 5 miles is 25,224!
Walking distance to multiple schools, sports complexes, a municipal park, schools, residential/apartment homes, and hotels.
Asking Price is only $2.25M + inventory!
Asking Price for Business-only is $399,000 + inventory. Inventory is approximately $15,000 at cost. Rent will be $9,500 NNN with a 15-year lease available!
After visiting the business, please call us anytime to discuss or make an offer.
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