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Well Established Pizza Restaurant in Popular Vacation Destination

$359,900.00

Description

Listing Number: 2455

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.

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Asking Price:

$359,900

Gross Revenue:

$549,115

Adjusted Net Income:

$125,323

  • Asking Price: $359,900
  • Gross Revenue: $549,115
  • Total Adjusted Net Income: $125,323
  • Equipment / Fixtures: Depreciated from $230k at purchase
  • Year Established: 1994, bought in 2015
  • Included Inventory Amount: ~$500
  • General Location: Corolla, NC
  • Square Footage: 1050
  • Total Monthly Rent: $3,800
  • Lease Expiration: March 2033
  • Options to Renew: 5 year option
  • Full-Time Employees: 1
  • Part-Time Employees: 12
  • Training Period: Negotiable
  • Reason for Selling: Other Business Ventures

Liam Pinson

For more information on this business contact Liam:

Office: (615)-850-4410
Cell: (423)-260-5578
Email: liam@nashbb.com

Asking  Price: 
$359,900

Gross  Revenue: 
$549,115

Adjusted Net Income: 
$125,323

General Info:

  • Asking Price: $359,900
  • Gross Revenue: $549,115
  • Total Adjusted Net Income: $125,323
  • Equipment / Fixtures: Depreciated from $230k at purchase
  • Year Established: 1994, bought in 2015 
  • Included Inventory Amount: ~$500
  • General Location: Corolla, NC

Lease Info:

  • Square Footage: 1050
  • Total Monthly Rent: $3,800
  • Lease Expiration: March 2033
  • Options to Renew: 5 year option
 
 

Additional Information:

  • Full-Time Employees: 1
  • Part-Time Employees: 12
  • Training Period: Negotiable
  • Reason for Selling: Other Business Ventures
 
 

Liam Pinson

For more information on this business contact Liam:

Office: (615)-850-4410
Cell: (423)-260-5578
Email: liam@nashbb.com

Looking to Sell?

Nashville Business Brokerage is here to guide you through a seamless and rewarding selling process. Our team of experienced professionals is dedicated to maximizing the value of your business and ensuring a smooth transition. Take the first step toward a successful business sale by scheduling a consultation today.

Contact us now to get started.