Iconic Delaware Seafood Restaurant & BBQ Takeout (2 Locations)

Legendary Delaware Seafood Destination

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Financial Details

Asking Price:
$900,000
Annual Revenue:
$1,623,207
Cash Flow / SDE:
$382,246
Profit Metric:
Total Income
Valuation Multiple:
2.4x
Location:
New Castle, DE, US
Sources:
Date:
September 24, 2025

Key Highlights

Iconic Delaware seafood restaurant with over 70 years of history.
Includes a popular BBQ and seafood takeout concept, offering dual revenue streams.
Turnkey opportunity with strong cash flow, loyal customer base, and room for growth.

Description

This listing presents a rare opportunity to acquire a legendary, multi-generational seafood restaurant in Delaware, complemented by a popular BBQ and seafood takeout spot. With over 70 years of operation, the full-service restaurant is renowned for its signature fried fish, crab cakes, and inviting atmosphere, situated in a high-traffic, prime location with a dedicated customer following. The accompanying takeout concept provides a modern, fast-casual extension, broadening the brand's market presence. Both establishments are well-established, consistently profitable, and deeply integrated into the local community. This turnkey operation boasts strong cash flow and significant potential for expansion, making it an ideal acquisition for experienced restaurateurs or astute investors. The asking price for both locations combined is $900,000, with individual pricing available for the restaurant ($500,000) and the takeout spot ($400,000).

Industry Information

Industry Description:
Seafood Restaurant and BBQ Takeout
Classification:
Restaurants & Food

Operational Snapshot

Year Established:
1953
Employees:
14
Reason for Selling:
Retirement

Real Estate & Lease

Status:
Leased
Monthly Rent:
$7,024 USD

Assets & Inventory

Includes FF&E:
No
Inventory Value:
$30,000 USD
Includes Inventory:
Yes

Broker Contact

Name:
Tom Martin
Company:
First Choice Business Brokers
Phone:
(267) 496-0976

Listing Details

Listing ID:
768df20d-984c-42cf-8679-5b8b5551fbc9
Source Listing ID:
23867
Deal Status:
For Sale
Last Updated:
September 24, 2025
Currency:
USD

Features & Tags

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