Iconic Delaware Seafood Restaurant & BBQ Takeout (2 Locations)
Financial Details
- Asking Price:
- $900,000
- Annual Revenue:
- $1,623,207
- Cash Flow / SDE:
- $382,246
- Profit Metric:
- Total Revenue
- Valuation Multiple:
- 2.4x
- Location:
- New Castle, DE, US
- Source:
- Date:
- September 23, 2025
Key Highlights
Description
This listing presents a rare opportunity to acquire a legendary, well-established seafood restaurant and a popular BBQ and seafood takeout spot, both located in New Castle, Delaware. With a rich history spanning over 70 years, the full-service restaurant is renowned for its iconic fried fish, crab cakes, and welcoming atmosphere, benefiting from a prime, high-traffic location and a loyal customer base. The accompanying takeout concept offers a modern, fast-casual approach, extending the brand's reach. Both locations are profitable, deeply integrated into the community, and represent a turnkey operation with significant cash flow and potential for expansion. This offering is ideal for experienced restaurateurs or astute investors seeking a proven business model.
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
- FF&E Value:
- $0 USD
- Includes FF&E:
- Yes
- 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:
- 7f7524b1-9d6f-44c9-9890-b2c265c89f76
- Source Listing ID:
- 23867
- Deal Status:
- For Sale
- Last Updated:
- September 23, 2025
- Currency:
- USD