LEGACY RESTAURANT includes PRIME REAL ESTATE w/1.37Acres of Land

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Asking Price:
$2,000,000

Gross Revenue:
$2,050,000
Cash Flow:
$320,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

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

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Well-known Restaurant with Pub & Event Facilities.HUGE PRICE REDUCTION for FAST SALES!! SELLERS ready to DEAL!! MOTIVATED.WILL CONSIDER ALL OFFERS.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. CLEAN BOOKS & RECORDS AVAILABLE to QUALIFIED BUYERS. 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. CALL me on my direct line to discuss 941-224-3893.

THIS IS AN UNBELIEVABLE PRICE AND OPPORTUNITY FOR SERIOUS RESTAURANT BUYERS, INVESTORS OR 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:
Increase catering and event business.
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About the Sale

Reason For Selling:
SELLERS MOTIVATED!! WANTS to RETIRE after 30+ years in the RESTAURANT Industry.
Training/Support:
Seller will stay in transition for 30 days.

Listing Info

ID:
1469088
Ad Detail Views:
2810

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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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