Oceanfront Restaurant with Real Estate & Spectacular Views For Sale

Business description

Very successful restaurant located on an Oceanfront parcel with spectacular views in Bristol County. This award winning restaurant is a landmark that is highly visible and very accessible. This restaurant is loaded with opportunity, the business and property could be taken over as is or an operator could invest for aggressive growth. Expansion plans have been drawn up and approved. There is also the opportunity to build docks off the pier to attract boating tourists. There is the option to purchase just the business could continue to lease the property. This is a must see opportunity.
CONCEPT: Award winning Seafood Restaurant Oceanfront Views
SEATING: There is seating for 275 persons in the dinning room. There is additional seating outside for 30 patrons.
HOURS: Open from 11:00 AM- 10:00 PM
LICENSES: Common Victualler, Liquor License

Property information

Real Estate:

Lease

Lease terms:

The current lease has five (5) years remaining with one ten (10) year renewal option. The current lease contains the option to purchase the property. The property is also available for sale with the business and the owner is entertaining offers.

Location:

The restaurant space is approximately 5,100 square feet with a 275 person seating capacity. The space consists of a bar/lounge, two large dinning rooms, kitchen and bathrooms. The Parcel contains 0.979 acres of land mainly classified as Restaurant/Bar with a dining lounge style building. The structure was built in 1960 and is approximately 5,711 square feet.

Other information

Expansion potential:

Plans underway

Competition / Market:

Best Game in Town

Support & training:

To be neogtiated

Reasons for selling:

Retirement

Financing available:

To be negotiated

Furniture / Fixtures value:

$80,000 (included in the asking price)