High Visibility Restaurant Bar on the Water.Owners want to Retire

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Asking Price:
$2,999,000

Gross Revenue:
$2,500,000
Cash Flow:
$700,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$75,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

NO REAL ESTATE included.JUST an iconic Waterfront Restaurant Bar in a prime Sarasota County Location.This is a HOT SPOT for the affluent,the locals and the vacationing crowd.High visibility;high traffic location.Parking is not an issue. This is a one of a kind place where boaters can pull in and be served great seafood and a wide range of exotic dishes made by world renowned chef.Its Yummy! The place can seat up to 250 people between its inside dining room,outside decks and banquet room.Talk about atmosphere...it never snows here and the cocktails and margaritas flow all day long.The current lease is good for 11 more years and there is a strong possibility that this can be extended much further.All serious parties interested in the place will need to go through a pre-qualification process.This is a once in a life-time to BUY a Florida "Waterfront Restaurant-Bar".Don't miss out!!! The Asking Price of $3,249 million is for this well established business(NO REAL ESTATE).

About the Business

Location:
Sarasota, Florida
Year Established:
2009
Number of Employees:
50
Real Estate:
Leased
Building Sq. Ft.:
8,500
Rent:
$144,500,000.00 Per Month
Facilities:
8500+/- sqft
Website:
www.BusinessBrokerWorld.com
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About the Sale

Reason For Selling:
Ready to Retire
Training/Support:
2 to 4 weeks negotiable
Seller Financing:
TBD

Listing Info

ID:
1560230
Ad Detail Views:
173

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Business Listed by

Denis J.Burke,MBA

Business Broker World
License# BK3296092

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U.S. Census Data for Manatee and Sarasota Counties, FL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Manatee and Sarasota Counties, FL
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Source: American Community Survey (2010-2014), United States Census Bureau.

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