Iconic 40 year established restaurant for sale in South Cape!!
Business Description
Full Service Restaurant, fully equipped with 110 seats.
Iconic 40 year old Establishment for Sale. Now is your chance to own a landmark restaurant directly in the South Cape District. The time has come for us to pursue new endeavors and for someone to lead this restaurant into its next chapter. Full Service Restaurant, fully equipped with 110 seats along with bar/diner seating. 2cop beer and wine license. 1.2 million in sales, documented owners benefits over 200k. The Cove and Bimini Basin just coming online adding many new residents within walking distance. Currently only open for breakfast and lunch, many opportunities to grow sales, whether through opening for dinner, catering or a ghost kitchen. All employees have been made aware of this transition and are fully onboard. All have been with us long term and are invested in the business as well as adored by our loyal and regular customer base. Long term lease in place with over 10 years’ worth of renewals left. Season is in full swing, take advantage of this offer and cash flow from your first day. Owner is willing to help in the transition. Terms to be negotiated. If you know this town and this restaurant than you know what kind of business we have. We have looked at all of the other listings in the county, don’t fall for the trap of a place sitting on the market for years and years that has changed hands 5 times in the last 10 years or a place with the books more cooked than our corn beef hash. Priced for a quick sale at $650k or best offer. We will offer owner financing with 450k down to a qualified buyer. We are also offering 3% commission to buyers agents who bring us a buyer. Email us for full financials, leases, equipment lists any questions you might have.
Just wanted to clarify a couple of things regarding our restaurant being for sale. I have had numerous people congratulate us on the sale even though we haven’t sold yet. I believe this is due to the wording of the News- Press article. WE HAVE NOT BEEN SOLD YET. You will still find Bubba at the restaurant serving up your favorite breakfast and lunch specials every day. While we did generate tremendous interest and have had several inquiries and showings, as of today, we don’t have a signed contract to purchase the restaurant. While we don’t mind selling yet due to the fact of us having a line out the door pretty much every day of the week, we wanted to reiterate that we welcome any and all inquiries and offers. This is a landmark restaurant and we believe it presents a great opportunity for the right buyer. $650k or best offer. Fully documented owner benefits of over $200k with one working partner and one silent.
Just wanted to clarify a couple of things regarding our restaurant being for sale. I have had numerous people congratulate us on the sale even though we haven’t sold yet. I believe this is due to the wording of the News- Press article. WE HAVE NOT BEEN SOLD YET. You will still find Bubba at the restaurant serving up your favorite breakfast and lunch specials every day. While we did generate tremendous interest and have had several inquiries and showings, as of today, we don’t have a signed contract to purchase the restaurant. While we don’t mind selling yet due to the fact of us having a line out the door pretty much every day of the week, we wanted to reiterate that we welcome any and all inquiries and offers. This is a landmark restaurant and we believe it presents a great opportunity for the right buyer. $650k or best offer. Fully documented owner benefits of over $200k with one working partner and one silent.
About the Business
- Years in Operation
- 40
- Employees
- 12 Full-time
- Facilities & Assets
- 4000 square foot unit with storage and walk in cooler. Street Parking, Parking lot in front and rear. Email us for a full asset and equipment list.
- Website
- https://www.facebook.com/anniesrestaurantcc
- Market Outlook / Competition
- We are the number #1 Breakfast and lunch restaurant in the Cape.
- Opportunities for Growth
- Growth would include longer hours, dinner service, full liquor, ghost kitchen, catering, private parties.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
- Rent
- $4,861.00 per month
About the Sale
- Seller Motivation
- Family Health.
- Transition Support
- Owners will help in the transition.
- Financing Options
- Seller will hold a note with at least $400k down.
Listing Info
- ID
- 2475900
- Listing Views
Business Location
Listing ID: 2475900 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.
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