Easy Run Super Profitable Restaurant with Owner Financing

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Asking Price:
$169,000

Gross Revenue:
$456,120
Cash Flow:
$130,867
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$4,000
included in asking price

FF&E:
$20,000
included in asking price

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Business Description

Family owned restaurant with simple operation and high returns.
Casual but authentic, simple menu but the freshest ingredients, all dishes made from scratch yet no chef required.
Located on a major road in a beach community with high-income neighborhoods around. Currently serving lunch and dinner with breakfast added in the season. Beer and wine license.
Perfect for husband and wife team or could be easily converted into any concept including absentee run.
Current owner is very experienced, Will go above and beyond if a buyer needs support.
An option available quickly to expand into full bar restaurant.

About the Business

Year Established:
1990
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
1,800
Lease Amount/Mo.:
$2,380.00
Lease Expiration:
10/31/2019
Facilities:
Mall plaza on a major road with high traffic.
Market Outlook/
Competition:
There is no immediate competition in the area. Good size dishes and consistent quality make people come back again and again.
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About the Sale

Reason For Selling:
family circumstances,
Training/Support:
2 weeks

Listing Info

ID:
1431856
Ad Detail Views:
1701

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months
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Business Listed by

Larissa Wileman

Infinity Business Brokers

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Sponsoring Broker:

Michael Monnot
Infinity Business Brokers
License# BK3235328

U.S. Census Data for Manatee and Sarasota Counties, 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 Manatee and Sarasota Counties, 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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