Turn-Key 28-Season Coastal Restaurant with Untapped Rev Potential
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SANDBAR & GRILLE - COASTAL ENTERTAINMENT DESTINATION
$1.65M Investment Opportunity | Outer Banks, North Carolina
EXECUTIVE SUMMARY
Sandbar & Grille represents a rare opportunity to acquire a turn-key waterfront restaurant and entertainment venue with real estate, established brand equity, and multiple untapped revenue streams in one of the East Coast's premier coastal tourism markets. The property combines immediate cash flow with substantial value-add potential through operational improvements that require minimal capital investment.
Offering Structure: Real Estate $1,100,000 plus Operating Business $550,000, Total Package $1,650,000.
PROPERTY & BUSINESS OVERVIEW
Location: Hatteras Island, Buxton Outer Banks - Prime soundfront position with unobstructed sunset views over Pamlico Sound
Facility: 75-seat main dining room with full commercial kitchen, downstairs pizza kitchen (shell space, ovens required), game room/arcade for family entertainment, on-site Airbnb unit (currently $800/month income), 33 dedicated parking spaces (critical coastal advantage)
Recent Capital Improvements: Two commercial hood systems replaced (within 2 years), roof replacement (5 years old), dedicated grease trap and septic pumps, minimal deferred maintenance
Current Operating Model: Seasonal March through October (32 weeks annually), dinner-focused service model, established local reputation and loyal customer base, minimal marketing (organic traffic from sunset views)
MARKET POSITION
Tourism Market Strength: Outer Banks attracts 2M+ annual visitors, peak season population 250,000+ daily visitors, average visitor household income $95,000+, 65% repeat visitation rate demonstrates brand strength
Competitive Advantages: Unmatched sunset views creating organic customer traffic, 33 parking spaces eliminating primary coastal restaurant constraint, multi-concept infrastructure combining restaurant, entertainment, events, and lodging, protected market position with high barriers to entry, high potential assets with clear pathways to revenue growth
Limited Direct Competition: Only 2-3 comparable waterfront dining venues within 10-mile radius, none offering integrated entertainment amenities.
VALUE-ADD OPPORTUNITIES
The business currently operates well below its revenue potential. Five immediate opportunities to increase cash flow:
Activate Pizza Kitchen ($200K-$300K annual revenue)
Extend to Year-Round Operations ($75K-$150K annual revenue)
Live Entertainment Programming ($40K-$80K annual revenue)
Private Events & Weddings ($75K-$150K annual revenue)
Optimize Game Room & Arcade ($50K-$100K annual revenue)
Conservative Total Incremental Revenue: $365K-$610K annually
IDEAL BUYER PROFILE
This opportunity suits restaurant operators seeking coastal expansion or multi-unit growth, hospitality groups with event venue or entertainment experience, investor-operators seeking value-add hospitality assets with clear improvement pathways, owner-operators with capital for modest improvements and willingness to extend operating season.
Risk Mitigation: Diversified revenue streams reduce single-concept risk, seasonal model allows testing of year-round viability, strong gross margins provide buffer for operational improvements, established customer base reduces ramp-up period
Contact: Paulina Bohorquez, Elite Commercial, 919-985-9416, paulina@elitecrenc.com
$1.65M Investment Opportunity | Outer Banks, North Carolina
EXECUTIVE SUMMARY
Sandbar & Grille represents a rare opportunity to acquire a turn-key waterfront restaurant and entertainment venue with real estate, established brand equity, and multiple untapped revenue streams in one of the East Coast's premier coastal tourism markets. The property combines immediate cash flow with substantial value-add potential through operational improvements that require minimal capital investment.
Offering Structure: Real Estate $1,100,000 plus Operating Business $550,000, Total Package $1,650,000.
PROPERTY & BUSINESS OVERVIEW
Location: Hatteras Island, Buxton Outer Banks - Prime soundfront position with unobstructed sunset views over Pamlico Sound
Facility: 75-seat main dining room with full commercial kitchen, downstairs pizza kitchen (shell space, ovens required), game room/arcade for family entertainment, on-site Airbnb unit (currently $800/month income), 33 dedicated parking spaces (critical coastal advantage)
Recent Capital Improvements: Two commercial hood systems replaced (within 2 years), roof replacement (5 years old), dedicated grease trap and septic pumps, minimal deferred maintenance
Current Operating Model: Seasonal March through October (32 weeks annually), dinner-focused service model, established local reputation and loyal customer base, minimal marketing (organic traffic from sunset views)
MARKET POSITION
Tourism Market Strength: Outer Banks attracts 2M+ annual visitors, peak season population 250,000+ daily visitors, average visitor household income $95,000+, 65% repeat visitation rate demonstrates brand strength
Competitive Advantages: Unmatched sunset views creating organic customer traffic, 33 parking spaces eliminating primary coastal restaurant constraint, multi-concept infrastructure combining restaurant, entertainment, events, and lodging, protected market position with high barriers to entry, high potential assets with clear pathways to revenue growth
Limited Direct Competition: Only 2-3 comparable waterfront dining venues within 10-mile radius, none offering integrated entertainment amenities.
VALUE-ADD OPPORTUNITIES
The business currently operates well below its revenue potential. Five immediate opportunities to increase cash flow:
Activate Pizza Kitchen ($200K-$300K annual revenue)
Extend to Year-Round Operations ($75K-$150K annual revenue)
Live Entertainment Programming ($40K-$80K annual revenue)
Private Events & Weddings ($75K-$150K annual revenue)
Optimize Game Room & Arcade ($50K-$100K annual revenue)
Conservative Total Incremental Revenue: $365K-$610K annually
IDEAL BUYER PROFILE
This opportunity suits restaurant operators seeking coastal expansion or multi-unit growth, hospitality groups with event venue or entertainment experience, investor-operators seeking value-add hospitality assets with clear improvement pathways, owner-operators with capital for modest improvements and willingness to extend operating season.
Risk Mitigation: Diversified revenue streams reduce single-concept risk, seasonal model allows testing of year-round viability, strong gross margins provide buffer for operational improvements, established customer base reduces ramp-up period
Contact: Paulina Bohorquez, Elite Commercial, 919-985-9416, paulina@elitecrenc.com
About the Business
- Years in Operation
- 28
- Facilities & Assets
- Prime coastal restaurant and entertainment property: purchase the real estate ($1.1M) and the operating business ($550K). The venue offers a 75-seat upstairs dining room, downstairs pizza kitchen space ready for buildout, game room, 33 parking spaces, sunset views, and an on-site Airbnb generating additional income.
- Market Outlook / Competition
- The property's position on the western soundside of Hatteras Island provides unobstructed sunset views over the Pamlico Sound, a feature that cannot be replicated by competitors. The visual experience of coastal North Carolina sunsets is consistently rated as the #1 "must-see" attraction by visitors, creating organic customer demand that requires minimal marketing investment. Unlike traditional single-concept restaurants, Sandbar & Grille has built-in entertainment amenities that diversify revenue and extend customer dwell time.
- Opportunities for Growth
- The property offers clear upside through activating the pizza concept, expanding to year-round service, adding live entertainment and events, and increasing utilization of the game room for family traffic and private rentals. Buyer would benefit from this long time opearting restaurant even without immediately implementing these strategies.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 5,549
About the Sale
- Seller Motivation
- After a successful run the owners are ready for their next endevour
- Transition Support
- Currently operating March through October with a strong local reputation and loyal staff.
Recent improvements include updated hood systems, a 5-year-old roof, and dedicated grease trap and septic tanks. Well suited for restaurant operators or hospitality groups looking for cash-flowing asset with growth potential.
Listing Info
- ID
- 2471209
- Listing Views
Business Location
Listing ID: 2471209 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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