Iconic Delaware Seafood Restaurant & BBQ Takeout (2 Locations)

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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

Iconic Delaware seafood destination with over 70 years of history.
Includes both a full-service restaurant and a popular BBQ/seafood takeout spot.
Turnkey opportunity with strong cash flow and room for growth.

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

Features & Tags

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