Full-Service Premier Seafood and Steak Restaurant
Consumer, Food & Retail
The company is a full-service seafood and steak restaurant. It is situated in a prime location with lakefront seating, boat dock, and beach area. It is considered one of the most popular and premier destination restaurants in the county.
• From 2017 through TTM Sep 2021, gross profit has averaged over $2.4M with margins averaging 64.6%
• Adjusted EBITDA margins have averaged 23.6% from 2017 through TTM Sep 2021
• Situated in a prime location with lakefront seating, boat dock, and beach area
• Excellent reputation in the local market
• Serves lunch and dinner seven days a week
• The restaurant has a private dining area and two bars
• Search Engine Optimized (SEO) website
• Escalate marketing efforts to increase client base
• Expand the bar clientele through marketing and live music offerings
• Continue to provide high-quality food and customer service to take advantage of the growth in the market served
• Continue to negotiate pricing agreements with key vendors to support margin growth
• Launch a customer loyalty program (birthday, special events, referral discounts, etc.)
• The restaurant generates approximately 75% of its revenue from local customers, and 25% from tourists.
• The restaurant is leased from an affiliate-owned entity. The restaurant property consists of three parcels of land. The main portion is on two parcels with 2.08 acres of lakefront property. The real estate is included as part of the sale; however, the owner is also opened to negotiating a long-term lease agreement with new ownership after the planned sale of the business.