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Businesses For Sale   >>   Florida Businesses For Sale Categories   >>   

Seafood Restaurant

Location  Florida,United States
Asking Price Range  < $250K
Gross Revenues  $811000
Net Profit / Cash Flow  $125000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1992
Number of Employees  10 - 19
Inventory  100000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Two weeks
Reason for Sale  Other business interests
Description  This is a deluxe seafood restaurant with full liquor situated in a stand-alone building on a very major road in Palm beach County. Restaurant seats 160 with 3600 sq ft and has separate bar area. Rent is $8200/m with long term lease and options in place. Restaurant currently serves a wide variety of seafood, steak, pasta, chicken, soups, and salads. Building has housed differing restaurants in one form or another for over 20 years. Asking price of $175K includes at least $200K worth of eqpmt and leasehold improvements. Most recent full year annual sales is $811K and annual net income of $125K. Seller states the restaurant is on track to do about $100K/m in business from January - March during the busy season. Owner is experienced restauranteur who recently purchased restaurant and re-opened under a different name.. would like to sell because of new business opportunity. Now is the time to buy! Please contact Martin Berliant at 561-827-1181 or email for more info.
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