Seafood Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $270000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2007
Number of Employees 4 - 5
Inventory 60000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale Partnership dispute.
Description Several hundred thousand dollars were spent in this great 1,500 sqft. Seafood restaurant for sale. Great casual atmosphere with flat screen tv's and seating for near 50. This restaurant specializes in crawfish and other seafood dishes. You will notice the attention to detail in the buildout. There are 3 partners all sharing duties of ownership in addition to the 6 other employees. When you have too may cooks in the kitchen you don't get much done and that's the problem here. All the owners have other jobs and this place suffers because no one can focus on the growth.
Among the many assets are: Large hood, Walk-in cooler, Internet based security system, Stainless Steel walls!, 6 burner/oven combo and more. A slight change in the focus from Cajun style to a more generic style of seafood may help this business grow. This restaurant has a beer and wine license which is included in the sale. No marketing being done. Landlord will reduce the rent by at least .25 PSF per month. (verify) Another concept could be perfect in this center. Avoid these type because they are present already: Japanese, Chinese, Korean, Indian, Vietnamese and Philippino. Owner will train.
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