Tupelo Data Room

restaurant and food business for Sale in North Carolina

Similar businesses sell at 1.2x to 4.0x SDE. Compare live listings and connect with sellers.

Well Established Pizza Restaurant in Popular Vacation Destination photo
American Restaurants
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Well Established Pizza Restaurant in Popular Vacation Destination

Corolla, Currituck County, NC, US

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.

$359,900
$549,115Revenue
$125,323Cash Flow

Market Snapshot

National transaction benchmarks for restaurant and food business businesses.

Under $500K

Median revenue$456k
Median cash flow$80k
Median sale price$130k
Multiple range1.2x - 2.5x

$500K to $2M

Median revenue$1.50m
Median cash flow$276k
Median sale price$750k
Multiple range2.1x - 3.5x

Over $2M

Median revenue$4.27m
Median cash flow$1.03m
Median sale price$3.20m
Multiple range2.7x - 4.0x

A variety of factors can cause businesses to trade outside this range, including earnings quality, operational transferability, key-person risk, growth trajectory, and geography, so a listing priced above or below the typical multiple usually reflects real differences in the underlying business.

What to know about restaurant and food business acquisitions

GW

By George Wellmer

Cofounder & CEO

Key diligence, valuation, financing, and transition considerations for buyers evaluating restaurant and food business acquisitions.

Reconcile the sales — point-of-sale against bank deposits and tax returns

Cash-heavy businesses invite optimistic numbers; verify reported revenue against the processor and the returns before you trust a figure.

Read the lease like it's the deal

Remaining term, escalations, and assignment rights can make or break a restaurant; a strong concept on a non-transferable lease is a problem you inherit.

Pressure-test prime cost — labor plus food

Margins are thin and move with wages and commodities; understand prime cost and how stable the kitchen and front-of-house staff are.

Confirm licenses and health standing transfer

Liquor licenses, health permits, and inspection history are valuable and sometimes fragile; review the record before you commit.

Test how much rides on the owner and concept

A chef-owner or personality-driven concept may not transfer; understand the recipes, systems, and whether the brand survives new ownership.

Budget for equipment and build-out condition

Kitchen equipment, refrigeration, and the dining room wear and date; tour it with someone who knows the gear.

Frequently Asked Questions

Answers to common buyer questions for this market.

Yes, but they're scrutinized closely because margins are thin and failures common. Verifiable cash flow, a transferable lease, and systems that run without the owner make the difference.