Well Established Pizza Restaurant in Popular Vacation Destination

Corolla, Currituck County, North Carolina, United States

Asking Price$359,900

Revenue$549,115

EBITDA-

Cash Flow$125,323

Description

Well-established seasonal restaurant located in the highly desirable coastal market of Corolla, North Carolina. Successfully operating for 32 years, this business has become a longstanding part of the local dining scene and benefits from consistent tourist traffic throughout the busy vacation season. With a proven operating history and strong brand recognition built over decades, this is an excellent opportunity to acquire a profitable and established restaurant in one of the Outer Banks' most popular destinations. The restaurant operates on a seasonal schedule of approximately 5-6 months per year and offers an appealing lifestyle-oriented business model while still producing a 3-year average revenue of over $500,000. The operation is efficiently staffed for smooth seasonal operations during peak tourist months. The facility is situated in a high-traffic tourist area with a renewable lease available for continued operation. While revenue naturally fluctuates with seasonal tourism patterns, the business has demonstrated long-term operational stability and sustained customer demand over more than three decades in business. The seller is pursuing other business ventures and is willing to assist with training and onboarding to help ensure a smooth transition for a new owner. This opportunity is ideal for an owner-operator seeking a well-known seasonal restaurant in a premier beach market or for an existing hospitality group looking to expand into the Outer Banks area.

Real Estate

Rent is $3,800 per month

Building Size: 1050 sq. ft.

Inventory

$500Included in Asking Price

Number of EmployeesFull-Time: 1Part-Time: 12

Year Established

1994

Reason Selling

Other Business Ventures

Facilities & Assets

Lease Expiration: March of 2033. Options to Renew: 5 year option. Bought in 2015. FF&E: Depreciated from $230k at purchase.