Brooklyn Fish Camp, the outpost of the West Village's Mary's Fish Camp on Fifth Avenue between St. Josh's and Lincoln, is officially for sale. I tracked down this Craigslist posting, which lists the turn-key restaurant for $275,000 key money and a rent of $6,333 per month.
Fish Camp is well-known in the neighborhood and never seems to be empty, but it also has a well-earned reputation for being overpriced. The quality of the food has always been high-quality, but the overhead appears to be way too high for a simple seafood restaurant.
These types of restaurants appear to be double-edged swords: serve high-quality seafood and you don't turn a profit, because you can't fill the house, because it's too expensive. Try to save money by buying lower-quality seafood (ahem), and even though the price is lower, you can't turn a profit, because you can't fill the house, because the food is low-quality.
And even though the rent is quite high, the space is charming, it's got a great outdoor area, it's a perfect (if high-competition) location, and it really is turn-key. Keep in mind, though, that just because a restaurant is for sale doesn't mean that it's closing any time soon. It does mean, though, that the restaurant is in trouble.
Photo: Maggie Frank