Profitable, Turnkey Restaurant - Great Location

Asking Price$495,000

Cash Flow
$173,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,485,000

Inventory$25,750
Included in asking price
FF&E$65,400
Included in asking price
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Profitable, Turnkey Restaurant - Great Location


Asking Price$495,000

Cash Flow
$173,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,485,000

Inventory$25,750
Included in asking price
FF&E$65,400
Included in asking price
Business Description
This restaurant and bar with full liquor license which has been in continuous operation for over 25 year is a turnkey business. Although it is situated in area's premier shopping and dining district with high traffic it benefits from a long-term lease with low rent compared to nearby establishments. The restaurant has consistent sales with strong cash flow. There is a trained staff with FOH & BOH management in place. The spacious facility includes (2) dining rooms and bar with table top seating, accommodating a total of 172 guests. A covered outdoor seating area with Gazebo provides space for 36 patrons. The atmosphere is casual upscale and has repeat clientele. The owner keeps excellent books and financial records. With a strong reputation and consistent performance, this is an exceptional opportunity to acquire a successful restaurant offering immediate cash flow in a desirable demographic area and with a motivated seller is attractively priced at $495,000.
About the Business
Years in Operation
26
Number of Employees
29
Facilities & Assets
Restaurant occupies approx. 3,175 sq. ft, in a strip center offering ample parking. The facility includes a fully equipped kitchen and the 2nd dining area can be easily closed off for special events & private parties.
Market Outlook / Competition
The restaurant operates within a prime shopping and dining area; therefore, there is competition. However, its established presence and favorable location provide a significant advantage.
Opportunities for Growth
Currently operating for lunch, dinner & Sunday brunch, the business has untapped potential. The separate event area is underutilized, and a new owner could easily introduce catering services and breakfast.
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Owner is selling due to health-related issues.
Transition Support
Seller will provide sufficient training to ensure a smooth transition at no charge
Financing Options
The business will qualify for funding by a national SBA lender.
Listing Info
ID
2379273
Listing Views
183

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Business Listed by: Frank Fitzsimmons Pensacola Business Brokers

Listing ID: 2379273 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.