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Restaurant & Bar, Great Location, Seller Financed
Location: United States -> Florida -> Destin
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This unique restaurant & bar has a great location, visibility & concept with 1st class décor. The seller will provide long-term financing with 25% cash down. The business opened in March '15 and through October '15 has sales of $845,000...with an absentee owner. The seller owns one of the largest volume & most successful restaurants in the area. This restaurant has been totally re-constructed and is essentially brand new. It's open for breakfast, lunch & dinner and is an outstanding turnkey operation...a true ''sleeping giant'' of an investment. The facility occupies 2950 sq. ft., seats about 100 including the bar. Seating area & kitchen have been remodeled to new condition. The restaurant is located on the busiest hwy in the county, on a corner with ample parking. With its location, the business has the potential to be the leading breakfast venue in the area. Asking price: $425,000 850-418-0489


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,265,000
Cash Flow:   $195,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $255,000
Seller Financing:  Yes

About The Business

Year Established:  2015
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will provide sufficient training to ensure a smooth transition
Reason For Selling:  Seller owns other restaurants and needs to devot full time to those




Print Listing Id: 700254182
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Florida Businesses For Sale > Florida Franchises For Sale > Florida Business Brokers



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