Florida Ocean Front Restaurant with Real Estate

Asking Price$5,995,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&E$500,000
Included in asking price
Real EstateNot Disclosed

listing imageSave

Florida Ocean Front Restaurant with Real Estate


Asking Price$5,995,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&E$500,000
Included in asking price
Real EstateNot Disclosed

Business Description
Rare opportunity to purchase an exclusive oceanfront restaurant located in Vero Beach, Florida, home to a world class barrier island resort area, retired fortune 500 executives, high-end residential properties, fabulous golf courses and other refined amenities situated beautifully between the Indian River Lagoon and the Atlantic Ocean. The unique restaurant was built in 2010 and renovated in 2018. It has 3,087 under air and a 1,400 sq. foot outdoor deck. The deck has electric drop-down screens and rain shields when needed. Total seating capacity is approximately 160, 90 in and 70 out. There is a public beach access parking lot with approximately 50+/- spaces adjoining the property and other nearby street parking. The surrounding area is a quaint oceanfront shopping district drawing tourists and locals alike. The business serves full liquor with a 4 COP License valued at $485k+/-. This can be included in the sale if the total offer is acceptable.They have a full-service standby generator, 400+/- sq ft wine cave, sound absorbing acoustic panels, newer flooring and many other state-of-the-art features. The property was raised 9 feet when it was built, and it is anchored by 256 three-foot-wide pilings driven 55 feet deep. The area is charming and features strong economic growth through tourism and ongoing development. The opportunity includes the real property and all furniture, fixtures, and equipment of the restaurant. The restaurant is part of a Condo Association that features 2 buildings, building 1 houses the restaurant, a 3,431 sq ft salon, and 8 luxury residential condos. Building 2 has 3 luxury condos. The sale does not include the business itself but potentially could. The Executive Chef and staff would likely be open to discussions of re-launching and continuing operations with a new theme and operator. Showings are by appointment only. Please do not speak with the staff. You are welcome to go by and have a delicious meal as a customer and take it all in but please do not otherwise disrupt the ongoing business operations. This is an excellent once in a lifetime opportunity to own an exquisite oceanfront restaurant. Acquisition Experts, LLC is one of Florida's leading M&A Intermediaries and is proud to bring you this extremely exclusive opportunity to acquire this outstanding property, and we look forward to being of service.l
About the Business
Years in Operation
16
Facilities & Assets
Built in 2010 and renovated in 2018. Excellent condition.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
4,487
About the Sale
Seller Motivation
Original group of multiple investors retiring, estate planning and ready to cash
Transition Support
2 weeks at no charge.
Listing Info
ID
2459943
Listing Views
406
Attached DocumentsAttachment Disclaimer

CIM Ocean Front Restaurant.pdf

170-18730 Photographs V2.pdf

Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Dale Armor Acquisition Experts, LLC

Listing ID: 2459943 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


Similar Listings
Anchor Bar
$400,000Anchor BarFeatured Franchise