South Shore Landmark F/S Seafood Restaurant w/ Function Business

Plymouth County, MA –

Asking Price: Subject to offer

Cash Flow:$445,253

Gross Revenue:$3,741,000

Real Estate:$3,500,000

Established:1937

Business Description

*UNDER LOI / NO SHOP*

Operating for over four generations this is the first time this property and business has been offered.

Located in a quaint oceanfront south shore neighborhood, this landmark location sits high on a bluff boasting panoramic water views of the ocean and natural marsh. New construction in 2012 the property features top of the line hurricane grade construction. No expense was sparred in the construction of this property.

The real estate offers 12,500 SF of restaurant and function space on two floors connected by an elevator all on 2.48 acres of land. The first floor hosts the restaurant and second floor function spaces. The restaurant features multiple decks for dining and indoor seating for 311 patrons and an additional 80 seats outside. The restaurants focus is locally caught seafood making it a success for decades.

Prior to covid the restaurant revenues were $4.7M +. The business has rebounded strong post covid but has not got back to pre-covid levels mostly due to the intentional shrinkage of operating hours. Function revenue continues to grow and topline saw a 4.2% increase in 2022.

Ownership is available to stay on post closing to ensure smooth transition.

Key staff available including front and back of the house management.


Detailed Information

Location:
Plymouth County, MA
Real Estate:
Owned
Included in asking price
Building SF:
12,500
Facilities:
12,500 SF
Competition:
Other area competitors but very few that offer the size, scale and versatlity
Growth & Expansion:
function, brunch, catering , e-commerce , wholesale
Financing:
Seller financing available for the business acquisition , negotiable
Support & Training:
Available for transition period negotiable
Reason for Selling:
retirement

Contact Adam Bauer at abauer@tbxllc.com for NDA