Established Full-Service Restaurant with Real Estate Option in New Castle County, DE
Financial Details
- Asking Price:
- $2,300,000
- Annual Revenue:
- $3,715,411
- Cash Flow / SDE:
- $3,715,411
- Profit Metric:
- Cash Flow (SDE)
- Valuation Multiple:
- 0.6x
- Location:
- DE, US
- Source:
- Date:
- November 05, 2025
Key Highlights
Description
This is a rare opportunity to acquire a highly established, full-service restaurant located in New Castle County, Delaware, operating successfully for 51 years under the same ownership. The business features multiple revenue streams including a full-service dining room seating 200, a separate high-volume takeout entrance, and a robust catering division. The facility spans 8,000 square feet across two buildings on 1.31 acres, complete with 67 parking spots and a full commercial kitchen setup. The seller is retiring and offers comprehensive training, supported by two long-term, capable full-time employees who wish to remain. Crucially, the owner possesses the real estate (valued at $3.36M) and is willing to lease the property or sell it separately from the business asking price of $2.3M.
Industry Information
- Industry Description:
- Full service restaurant with takeout and catering services.
- Classification:
- Restaurants & Food
Operational Snapshot
- Year Established:
- 1974
- Employees:
- 2
- Reason for Selling:
- Retirement
Real Estate & Lease
- Status:
- Owned - Separate Transaction
- Real Estate Price:
- $3,360,000 USD
Assets & Inventory
- FF&E Value:
- $168,000 USD
- Includes FF&E:
- Yes
- Includes Inventory:
- Yes
Broker Contact
- Name:
- Domenick Michini
- Phone:
- 302-354-3947
Listing Details
- Listing ID:
- 2ad20f7b-7eeb-43a8-89ce-9fda6a62714d
- Source Listing ID:
- 2406095
- Deal Status:
- For Sale
- Last Updated:
- November 05, 2025
- Currency:
- USD