Busy Restaurant In Ocala with Real Estate - JUST REDUCED

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Busy Restaurant with Property in Ocala Florida
Asking Price:
$1,195,000

Gross Revenue:
$1,250,000
Cash Flow:
$220,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
$1,300,000
included in asking price

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Business Description

JUST REDUCED BY OVER $400,000 PRICED TO SELL AND UNDER APPRAISAL

This is first time this property has been on the market for 42 Years and has been under same ownership and now ready to retire, Great opportunity to take over this existing business with is truly turnkey and has done over $1+ million in sales for the last 7 years.

The owner does not work in the business. One business partner works the admin for the business and they keep great records all on quick-books.

OWNER WILL CONSIDER HOLDING MORTGAGE WITH MINIMUM OF 50 PER CENT DOWN.

The building has been maintained to a high standard and the restaurant is fully equipped, fully staffed including a manager, also has POS system, and 18 camera security web based system to monitor business online.

Property consists of 1.76 Acres of land with a 5413 sq foot Restaurant plus a separate detached building of 437sq ft. That can be used as accommodation.

Car parking for 45 plus large area of land for overflow parking. Can accommodate around 100 vehicle total.

Licensed for 233 persons with Full 4 cop Liquor license.

Separate room with banqueting facilities for up to 80 person.

Located on busy road in Ocala with good signage Closed on Mondays.

Opens 11.00AM - 9.00PM/ 10PM ON FRIDAY AND SATURDAY

Potential to open both for breakfast and on Mondays to increase sales and profit.

2017 OWNER BENEFIT PROFIT $220,000.

PRICE FOR PROPERTY AND BUSINESS ASKING $1,595,000

About the Business

Location:
Ocala, Florida
Year Established:
1976
Number of Employees:
30
Real Estate:
Owned
Building Sq. Ft.:
5,850
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About the Sale

Reason For Selling:
Retirement
Seller Financing:
SELLER WILL HOLD MORTGAGE WITH MINIMUM 50 PER CENT DOWN

Listing Info

ID:
1584673
Ad Detail Views:
0

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Business Listed by

Richard Veale

Profiles International Realty
License# BK3114634

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