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Southeastern Specialty Restaurant Group
Location: United States -> South East
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Upscale specialty and family owned restaurant operation located in the South East since 2003. This is a successful operation in highly desirable locations close to ''affluent'' neighborhood. The majority of the customers are high income Individuals. The restaurants have around 10,000 SF of usable area. For more than 20 years, the business owners have run successful restaurants in several locations. This is an opportunity for investors to scale up, replicate, license or franchise a highly successful recipe that has an average Adjusted EBITDA around 27%.
Managed by the owners, the employee base pool has a very high retention rate. Some of them have been there, for more than 20 years. The business is cash flowing more than $ 1 million per year base on 2016 projections. One of the locations has had credit card sales as high as $3 million and has been consistently above $ 2 million the last 3 years. 2016 revenues will approximate $ 4M with projected Adjusted EBITDA of $ 1.2M.

Highly desirable locations on a busy highway with a daily vehicle count over 45,000. The restaurants have been constructed to the highest standard and are very well equipped. Excellent location with generous parking makes these restaurants easy to access. Approximately 300 seating place each.

ASKING PRICE: $ 5,785M

The Real Estate is available for a consideration of $ 8,465M

Some financing may be available to a qualified buyer.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $4,000,000
Cash Flow:   $1,379,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $2,459,000
Seller Financing:  Yes

About The Business

Year Established:  2003
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  The seller will provide up to 3 Month
Reason For Selling:  Retiring




Print Listing Id: 700264198
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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

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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