Listing Number: 6401-710933
Description
This waterfront restaurant and seafood market is one of South Florida's most reputable stone crab and seafood distributors with a newly launched restaurant over 1 year ago that has quickly become one of the top-rated seafood restuarants in the county. Offering both fresh and frozen stone crabs, as well as many other types of shellfish and fish. The wholesale segment remains a strong revenue driver, selling tens of thousands of pounds of stone crabs each season as well as a vast variety of other fresh and frozen seafood. The retail side is thriving, and the restaurant, which opened in February 2024, has seen impressive sales and strong community support, including positive reviews in local media. The restaurant is already ranked among the top 10 in Palm Beach County. All seafood is sourced directly from local crabbers and fishermen. The business is centrally located near residential areas with new developments expected to boost traffic. The owner is selling to focus on family and other ventures. Financial records are well-maintained and in excellent condition. This waterfront restaurant has plenty of space to add dockage for small boats to cruise up and casually dine on the water.
Avg Gross Revenue for past 3 years = $2,254,235
Avg Adjusted Net Earnings for past 3 years = $208,441
Listing Details
- Price: DH 300,000
- Down Payment: DH300,000
- Sellers Discretionary Earnings: DH 113,253
- Total Sales: DH 1,600,861
- Location: Palm Beach County, Florida
- Inventory: DH 5,000
- FF&E: DH 150,000
- Employees: 3
- Year Established: 2014
- Reason for Selling: other interests
- Category: Restaurants,Food Business Retail
