OWNERS WANT to RETIRE includes REAL ESTATE w/1.37Acres of Land

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RESTAURANT &REAL ESTATE WANTS it SOLD by JULY 4th
Asking Price:
$1,999,999

Gross Revenue:
$2,000,000
Cash Flow:
$323,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$400,000
included in asking price

Real Estate:
$1,620,000
included in asking price

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Business Description

MASSIVE REDUCTION for QUICK SALES from $2.5 Million to $1.99Million. CA$H TALKS on THIS DEAL!! MAKE AN OFFER!!! SELLERS MOTIVATED.WILL CONSIDER ALL OFFERS 2017 PROPERTY APPRAISED for $1.620 m. THE LAND has HIGH DENSITY CG ZONING and HEIGHT ALLOWANCE of 70ft+/-(About 7 or 8 Stories).THE SITE is IDEAL for BRANDED HOTEL like Holiday Inn Express,Sleep Inn,La Quinta OR as a Strip Center with 2 to 3 stories of Office or Residential Condos or Apartments overhead.The Investment potential is endless.CALL DENIS BURKE the BROKER for a SHOWING SCHEDULE this coming SUN 6/10.Direct Line 941-224-3893. SERIOUS BUYERS PLEASE!!!PROOF of FUNDS OR BANK LETTER of CREDIT REQUIRED and the ABILITY to CLOSE QUICKLY. CLEAN BOOKS & RECORDS AVAILABLE to QUALIFIED BUYERS.

This is a UNIQUE ONE OF A KIND American Family Style Restaurant with European influences: "A true Diamond in the Rough."The restaurant is an icon in the community after 30 years in business.Zoned CG.Keep "AS IS" and grow to $3 million+ Revenue.However,the highest and best use may not be as a Restaurant due to the significant amount of development in the area.The Restaurant sits on 1.37 acres of level ground.Some of the many other possibilities include a branded hotel The Business and property is convenient to the New Atlanta Braves Winter Training facilities.

THIS IS AN UNBELIEVABLE PRICE AND OPPORTUNITY FOR SERIOUS RESTAURANT BUYERS, INVESTORS & STRIP CENTER & MIXED USE DEVELOPERS.

About the Business

Year Established:
1988
Number of Employees:
60+/-
Real Estate:
Owned
Building Sq. Ft.:
9,900
Facilities:
The Building is 9,900 sqft+/- with Full Liquor Bar and Banquet-Event Room.The Restaurant can seat over 300 people.High visibility and high traffic on major road.
Website:
www.BusinessBrokerWorld.com
Market Outlook/
Competition:
Marketplace competition is normal for an American family Style Restaurant.
Growth & Expansion:
CA$H TALKS on THIS DEAL!!
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About the Sale

Reason For Selling:
SELLERS MOTIVATED!! WANTS to RETIRE after 30+ years in the RESTAURANT Industry.
Training/Support:
CA$H TALKS on THIS DEAL!!
WANTS it SOLD to RETIRE.

Listing Info

ID:
1469088
Ad Detail Views:
935

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Business Listed by

Denis J.Burke,MBA

Business Broker World - BK3296092

 Show Phone Number

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

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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

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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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