Basics
- Date added: Added 6 days ago
- Category: For Sale
- Type: Restaurant
Description
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Description: Business DescriptionThis established seafood market represents a premier business opportunity in Myrtle Beach's thriving commercial landscape. The operation has demonstrated consistent performance as a dominant market player, supplying approximately 60% of seafood products to the surrounding region.
Business Operations:
The enterprise operates through multiple revenue channels including retail sales, wholesale distribution, and catering services. This diversified approach provides stable cash flow and reduces dependency on any single revenue source.Market Position:
The business has established itself as the leading seafood supplier in the local market, serving both individual consumers and commercial accounts. This market dominance reflects strong operational capabilities and customer loyalty developed over years of consistent service.Financial Profile:
The operation maintains profitable performance with efficient overhead management. The established customer base and proven revenue streams provide a foundation for continued financial stability.Location Advantages:
Situated in Myrtle Beach, the business benefits from a dynamic local economy experiencing continuous growth with new business establishments opening regularly. This expanding market environment presents opportunities for revenue growth and customer base expansion.Operational Excellence:
The business has developed comprehensive supply chain relationships and operational systems that support its market-leading position. The combination of retail, wholesale, and catering capabilities demonstrates operational versatility and market adaptability.This acquisition opportunity offers an established market leader with proven performance, diversified revenue streams, and significant growth potential in an expanding market.
Ad#:2487343
Detailed Information
- Furniture, Fixtures, & Equipment (FF&E): $150,000 Included in asking price
- Employees: 30 (20 Full-time, 10 Part-time) summer season staffing is a lot higher
- Financing: Seller financing available 70% DP miniumum
- Reason for Selling: Retiring
Business Location- Location: Myrtle Beach, SC
- Real Estate: Leased
- Building SF: 2,900
- Lease Expiration: 12/31/2032
- Rent: $4,500.00
Location
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Business Acquisition Information
- Cash Flow (SDE): $580,000
- EBITA: $543,000
- Gross Revenue: $3,064,642