Seasonal Marina Restaurant
Connecticut (New London County)
Food and Beverage - Restaurants
Seller Financing Available
Asking Price:   $750,000Inventory:   
Gross Revenue:   $553,379Real Estate:   $543,379 ++
Cash Flow:   $90,000FF&E:   $125,000 ++
++ included in the asking price         ** not included in the asking price
An excellent multi-faceted business for a boating enthusiast restauranteur. There are 3,200 square feet of business activity including a sit-down restaurant dining area, a well equipped 504 square foot kitchen, 8 rent paying boat slips, a gasoline dock, a fish market and bar. All profit centers. 2009 sales $533,379 with a cash flow of $90,000+.
About the Business
Year Established:2006
Employees:21 full time -
Facilities:1,350 square foot canopied area serviced by 504 foot kitchen in a separate building, take-out from building. 450 square foot dock, 900 square foot fish market/bar area, 8 boat slips, gasoline dock. Parking for 18 cars.
Market Outlook and Competition:The existing business is excellent with a $90,000 net to the owner. The expansion areas are in the restaurant/bar and fish market area. A more aggressive marketing/promotion approach with faxes, e-mails, and more advertising could help here. This is a unique, multifaceted waterfront business. There is nothing like it in the area. The waterfront location is prime with many boaters in the area.
About the Sale
Management Training and Support:Owner will remain for 30 days for training and consulting, 15 days on premises and 15 days via telephone, all at owner's expense.
Reason For Selling:Owner retiring to boat.
Seller Financing:Owner will finance for qualified buyer.

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Business Listed By
John A. Russo Jr.  |  Just Restaurants Business Brokers
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