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Country-Style Restaurant For Sale
Location: United States -> Florida -> Saint Lucie
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Country-STYLE Restaurant For Sale
*Asking Price: $395,000 includes the REAL ESTATE and Horse Hitching Posts
SELLER FINANCING WITH $200,0000 DOWN (Terms to be Negotiated)
Building size: 1,500 SF Finished Under Air
Gross Area: 1,912 SF
Land Size: 1.15 acres (50,094 SF)

The current owner has years of restaurant and night club experience. He moved from his profitable restaurant in Fort Lauderdale, FL to the more peaceful St. Lucie County. He and his son purchased a bar/restaurant that was run down with kind of a rustic/county setting. Their intent was to turn it into a state-of-the-art country and western facility with a large area attached for dancing and major entertainment. They were looking to bring in top bands as they had connections from their previous restaurant.

That plan was stalled when his son got sick and he decided not to go forward. However, just prior to that happening, the renovation upgrade for the restaurant and lounge as an ''events nightlife'' had been approved by the county. The renovation called for the addition of two bathrooms and an expanded septic and drain field, which would allow for the seating capacity to expand to 200 seats. In addition, there was plans for a Pole Barn, a 40' X 72' stage, dance floor, bar and a ''tie down'' for Pole Barn for inclement weather. Milling will be required for the main automobile parking area and some trees on the east side of the property will need to be removed for additional parking. The necessary tables and chairs will be placed under the Pole Barn 200-person seating area. Various construction bids have been in the range of $80,000+/- The restaurant is open and operating and was doing good business right up until a competitor (20 miles away) put in a large dance floor with an inhouse country band basically taking advantage of the plans that they had. County and Western is huge in the area and they left for the music!


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $175,000
Cash Flow:   $50,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2017
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  As needed
Reason For Selling:  Retiring

Photos

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Country-Style Restaurant For Sale Photo 1




Print Listing Id: 700317962
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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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