Bar and Restaurant for Sale in FL - Seven-Figure Sale

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Asking Price:
$695,000

Gross Revenue:
$1,997,117
Cash Flow:
$206,460
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Amazing Opportunity to Own This Highly Profitable American Franchised Bar and Restaurant for Sale Located Less Than 30 Miles Outside of Ft Myers Florida. $2 Million in Annual Revenue and more than $200,000 in Annual Owner Benefit - Seller would consider financing for a Well Qualified Buyer.
Amazing lease in a High Traffic Location and Beautiful Build-Out Less than Three Years Old are Just a Few of the Highlights. Absentee Owned and Operated, Low Royalties, and Tons of Potential to Grow Revenue and Cash Flow Make this Restaurant for Sale a MUST SEE. This One Will Go Fast! Should easily qualify for SBA Lending.
Brought to you by We Sell Restaurants, this profitable Franchised Bar and Restaurant for Sale has it all. The venue itself is only three years old so you know the equipment and overall condition of the build-out and equipment will be terrific. When the owner took over the site seven HVAC units were replaced and a state of the art security system installed. The size of the space is massive...over 9000 square feet. Seating capacity is 300 plus there is a separate area for private parties and events.
The Franchised Bar and Restaurant for Sale helped negotiate a very favorable lease. There are over six years left on the initial term with three additional options to renew. The rent is currently less than $12 per square foot. Not a typo...Monthly rent is under $9500 per month, less than 6% of net sales for this unbelievable location. The next owner will have many years to own and grow this business. And the news keeps getting better...Royalties are a low 5% of sales with 1/2% for advertising. This is a good two to three points lower than most franchises and this franchise, according to the owner, is wonderful to work with.
Located on the Gulf Shores, less than an hour from Sarasota or Ft Myers, this is ideal Franchised Bar and Restaurant for Sale for anyone looking to live the good life by the beach. A strong owner-operator should be able to make their entire investment back in less than three years. There is plenty of opportunity to grow revenue as well. Currently, this Restaurant opens at 3 PM daily. Lunch business is an immediate opportunity to increase sales. The staff is experienced with many of the key members being there since this profitable restaurant and bar opened in 2016. The owner is absentee and needs to focus his time on his core business out of state so he has this opportunity priced to sell fast. Act now...

About the Business

Location:
Charlotte County, Florida
Year Established:
2016
Number of Employees:
48
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
9,545
Rent:
$9,258.65 Per Month
Lease Expiration:
1/31/2026
Facilities:
1 2 EA BAKERS PRIDE CHAR BROILERS F36GS 2 1 EA CRES COR COOK N HOLD 3 1 EA HEAT LAMP EASTERN TABLE TOP NO 9681 4 1 EA BAKERS PRIDE GRIDDLE BPHTG 2436I 5 1 EA BAKERS PRIDE GRIDDLE BPHTG 2448I 6 1 EA BAKERS PRIDE SALMANDER BPSBI 36 7 1 EA SS TABLE 24X36 8 4 EA AMERICAN RANGE FRYERS AF35 50 9 1 EA BAKERS PRIDE 36BP6BC30 10 1 EA VALCAN CONVECTION OVEN VC44GD 11 1 EA TRUE HORIZONAL FREEZER TFM51FL 12 1 EA TRUE HORIZONAL FREEZER TFM41FL 13 2 EA TRUE MEGA TOP REFRIGERATOR 14 1 EA MICROWAVE 15 1 EA METRO PASS THRU MOBILE HEATED CABINET 16 1 EA TRUE REACH IN FREEZER T-3F 17 2 EA 24X24 SS TABLE 18 2 EA TRUE MEGA TOP REFRIGERATOR 19 1 EA APW WYOTT SST4 20 4 EA TRUE MEGA TOP REFRIGERATOR 21 1 EA CUSTOM S S 10 FOOT SERVER PICK UP TABLE 21A 1 EA 5 FOOT SERVER PICK UP TABLE 22 1 EA AMANA 2100 WATT MICROWAVE 23 1 EA TRUE REACH-IN REFRIGERATOR T23 24 1 EA ADVANCE TABCO WORKTABLE WITH CUTTING BOARD TOP SPS304 25 1EA VOLLRATH MEAT GRINDER 40744 26 1 EA HORBART MEAT SAW 6614 27 1 EA 3 COMPARTMENT SINK 28 1 EA 7 FOOT SS TABLE 29 1 EA 6 FOOT SS TABLE 30 1 EA UNIVEX 60 QT MIXER SRM60 31 1 EA CUSTOM SS DIRTY DISH TABLE 32 1EA JACKSON DISHMACHINE XL2 33 1EA 4 FOOT CLEAN SS DISH TABLE 34 1EA ICE MACHINE WITH BIN 35 1 EA SERVER SIDE STATION 36 1 EA POT N PAN SINK 37 4 EA HANDSINKS 38 1 EA ALTO SHAAM COOK N HOLD 39 1 EA MEAT TENDERIZER OMCAN USA ABNHD BAR EQUIPMENT 2 EA ADVANCE TABCO BOTTLE DISPLAY 2 EA NORLAKE GLASS FROSTERS NLGF36B 1 EA NORLAKE BACK BAR NLBB59 2 EA 24 INCH ICE BINS COKE 1 EA 3 COMPARTMENT SINK WITH DRAIN BOARDS 1 EA BUNNOMATIC FROZEN DRINK MACHINE ULTRA20080 1 EA 24X24 SS EQUIPMENT STAND MISC 1 EA DELIVERY SET IN PLACE
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Population is growing Lots of retirees move in everyday Strong Loyal Customer base
Growth & Expansion:
1 A lot of growth including a new Atlanta Braves Spring Training facility 2 Very loyal local customers
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About the Sale

Reason For Selling:
New Career
Training/Support:
Yes, Owner/Spouse and Franchise

Listing Info

ID:
1623526
Ad Detail Views:
0

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Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Charlotte County, FL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Charlotte County, FL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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