Hot New Listing!! Well Known Naples Fl Restaurant

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Hot New Listing!! Well Known Naples Fl Restaurant
Asking Price:
$999,999

Gross Revenue:
$1,100,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

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

FF&E:
$300,000
included in asking price

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Business Description

Your "Once in a Lifetime" chance to buy one of Naples's best known and most loved high-end Restaurants in the heart of the downtown Naples shopping/restaurant-bar district. The most affluent people in America live in the area and eat at this Restaurant. Current rent of $7600 per month is well below market with a rent ratio in the 7%to 8% range. Lease runs to 2026.Additional options can be negotiated.Restaurant has a Wine and Beer 2 COP License. Reported sales are mostly credit card sales and some cash.All Restaurant Sales reported are done in 11 months because the restaurant closes the entire month of September and the last week of May for annual vacation.2018 Year-to Date Sales through 4/30 were $454K. This is a highly confidential sale.Therefore,Seller asks that ALL prospective buyers sign an NDA, provide a brief BIO of their background along with PROOF of FUNDS (minimum $649K liquid) prior to receiving any information.SELLER WILL FINANCE qualified buyers up to $350K. If you are serious about buying this "Prime Restaurant", are financially qualified and ready to act, please contact the Broker, Denis Burke, Cell 941-224-3893 to schedule a face to face meeting and discussion.
***THIS IS THE MOST SOUGHT-AFTER LOCATION in all of NAPLES FLORIDA. Even if you wanted to open a Restaurant from scratch, there is NO SPACE AVAILABLE for LEASE.***

About the Business

Year Established:
2010
Number of Employees:
6 to 9
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Rate/Sq. Ft./Mo.:
$7,600.00
Facilities:
2000 sqft located in high traffic,highly sought after area.
Market Outlook/
Competition:
Restaurants and Bars always have competition.However,this one has a special theme and unique decor.
Growth & Expansion:
Restaurant can open in September and the last week of May instead of closing for vacation.Also, a new owner can add catering and delivery.
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About the Sale

Reason For Selling:
Retiring overseas.
Training/Support:
Seller will assist Buyer for 4 weeks to facilitate training and a smooth transition.
Seller Financing:
$350,000

Listing Info

ID:
1503860
Ad Detail Views:
733

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Business Listed by

Denis J.Burke,MBA

Business Broker World
License# BK3296092

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

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U.S. Community Survey Data for Collier County, FL
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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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