Sea Star Cafe

Business Opportunity for Sale
Catylist Listing ID: 30810087
Property Subtypes: Food and Beverage
Building Size (RSF): 1,200 SF
Sale Price: $535,000
In Opportunity Zone? Yes
Name of Establishment: Sea Star Cafe
Business Website Address: www.seastarcafeci.com
Year Business Established: 2000
Gross Revenue: $1 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: The business can only be purchase with the purchase of the land/building for and additional $740,000.
Last Updated: 7/19/2022

Overview / Comments

Tucked away on Chincoteague Island, you'll find a friendly eatery with a yellow star on the side. this is how you will know you have arrived at the Sea Star Cafe, one of the region's most beloved lunch stops.

The Sea Star Cafe is famous for its variety of made to order sandwiches. If you're hungry for lunch, you will find that few things do the trick like a gourmet sandwich with an ice tea.

Because the sandwiches are customizable you can order yours how you like it. There are plenty of specialties and combos to choose from as well.

The outdoor eating area overlooks a picturesque pond that you can see some amazing wildlife from during your dining experience.

The current owners will help to transition the buyers into operating the Resturant successful.

The restaurant is open on Thursday-Sunday 11AM-6PM thats 28 hours week, the new owners may want to extend hours and add additional days of operation to increase profits. Also the establishment does not serve Wine, Beer, or other Spirits, this feature can also be added to increase revenue to the already profitable operations.

Additional Details

County: Accomack
Industry Segment: Restaurants
Reason for Selling: The owners have a new business opportunity they are pursuing.
Value of Inventory Included ($): $6,000
Value of Furniture, Fixtures, and Equipment ($): $68,000
Value of Real Estate Included ($): $725,000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,414 2,941 5,989
Median Age: 51.85 52.14 49.2
Households: 691 1,417 2,763
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