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Successful Restaurant / Bar / Entertainment For Sale
Location Florida,United States
Asking Price Range $500K - $1.0M
Gross Revenues $905580
Net Profit / Cash Flow $281089
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 20 - 34
Inventory 105000
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Leased
Training Will train for 2 weeks @ no cost.
Reason for Sale Other business requires all of seller's time.
Description Well known, successful American restaurant/bar/entertainment establishment. Owner is only doing the books for 2-3 hours per week but is not actively involved in the restaurant/bar. Excellent opportunity to operate and grow an attractive neighborhood landmark bar and restaurant. Great food, full bar, fun and relaxing atmosphere and frequently changing entertainment program. Comes with 4COP License. Under the same ownership since the bar/restaurant opened. Management and great, friendly staff in place. Owner does not work in the establishment because he manages another successful company and leaves the restaurant management to his managers. The owner believes that a new owner who has the time to actively manage the restaurant/bar can increase revenues and profits substantially. The restaurant is in a 5,700 sq ft. stand alone building, is situated on 1 « acre prime real estate on busy 6-lane street with ample parking and is owned by the seller. It could be acquired with attractive terms and low interest financing, now or in the foreseeable future, which is recommended considering today's very low interest rates and attractive government loan programs. Lender pre-qualified with 10%-20% down payment and 4.75% interest rate, i.e. appr. $4,500 per month for loan payments.
Sales Price: $690,000.
Contact: Peter Lohage
Phone: 941-916-2982
Click Here To Contact Seller
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