Dry Dock Oyster Bar
San Antonio, Texas
Price Range
$450K - $500K
Industry
Food, Beverage & Hospitality
Revenue
$980K
EBITDA
$43.7K
SDE
$167K
About The Business
Located at the busy intersection of Fredericksburg and Wurzbach in San Antonio, Dry Dock Oyster Bar is a boat-themed restaurant serving fresh, high-quality seafood to its loyal customer base built over 36 years. Dry Dock is a boat-shaped building with a full bar area, separate inside dining area, and an inviting covered outdoor patio. In total, the restaurant can seat up to 145 customers at one time. Dry Dock offers a full menu for all seafood lovers along with daily specials for those who want a quick lunch. Online customer reviews rave about the daily specials (particularly the crawfish).
Dry Dock is located near the medical center of San Antonio, Interstate Highway 10, and a major shopping center. The average daily traffic count is over 30,000 and continues to grow. The current owner, Geu Kim, does an amazing job behind the scenes setting his staff up for success. The staff is so well-trained that Mr. Kim recently took a month-long vacation without having to worry about the restaurant.
A new owner can reasonably expect to have the benefits of a restaurant that has stood the test of time, while looking forward to new opportunities to put a mark on the long legacy of Dry Dock. The current owner speculates that a 30-day transition period is needed to transfer ownership and knowledge of how the business operates.
Financing
SBA Loan Eligible
NO
Seller Financing Available
NO