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Absentee Owned Profitable Captain D's In Tennessee For Sale

Tennessee, US
Asking Price:
$275,000 (USD)
Sales Revenue:
$500K - $1M (USD)
Cash Flow:
$50K - $100K (USD)

Please do not talk to employees when visiting the location. Seller is a 100% absentee owner and has access to the cameras on site. If he finds out you spoke to employees, then he will not do a deal with you.

100% Absentee-Owned Captain D's in Metro-Nashville, TN Area! Sales for 2019 are $1,047,632! Sales for 2020 are $865,000! The Seller is paying the general manager a $50,000 yearly salary. Buyer can bring payroll down to a more efficient level at 25% of revenue, which is typical for a QSR managed properly. That would increase net profit an additional $50,000!

Even during the Coronavirus pandemic, the restaurant is profitable! Captain D's is a favored restaurant of an older demographic that prefers dine-in versus take-out. The pandemic hit this demographic the highest and still the restaurant generates significant!

Seller has too many businesses to manage and is spread thin. Buyer with more time to spend on the business could reduce COGS to 30% and save over $30,000! COGS is currently at 33% for an Absentee Operation.

Newly built in 2018! No re-image requirements for the Buyer!

Exit Location! 30 mins from Nashville, TN!

Captain D’s has been a place where customers can share great seafood in a warm and family-friendly environment, at unbeatable value. Fast, casual seafood restaurant chain serving fish & seafood dishes.

Average Daily Car Count is about 18,600! Total population within 5 miles is 25,224!

Walking distance to multiple schools, sports complexes, a municipal park, schools, residential/apartment homes, and hotels.

Asking Price for Business-only is $275,000 + inventory! Inventory is approximately $15,000 at cost. Rent will be $8,500 NNN with a 15-year lease available!

Property Information

Real Estate:

Lease

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