PRICE REDUCED: Successful Restaurant For Sale

Undisclosed Address, Florida
Business Opportunity for Sale
Catylist Listing ID: 30576394
Property Subtypes: Food and Beverage
Building Size (RSF): 1,200 SF
Sale Price: $149,900
In Opportunity Zone? Yes
Name of Establishment: Confidential
Year Business Established: 2018
Gross Revenue: $303,563 (Annual)
Cash Flow: $180,287 (Annual)
Cash Flow Type: EBITDA
Last Updated: 6/10/2021

Overview / Comments

Incredible opportunity to own a highly successful and profitable restaurant. All FF&E transfer with the sale, as well as unique recipes. Seller willing to stay on for a few weeks after closing to ensure smooth transition. Great opportunity for an owner/user to maximize profit margin. Restaurant has been in business since 2018. More information to be released with executed Confidentiality Agreement.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner selling because family needs to relocate.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $30,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: In the second year of two year lease with two 1 year options. Rent escalations at 3% annually. Tenant currently has a great relationship with the Landlord, so longer term lease likely could be negotiated.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,688 16,183
Median Age: 51.31 44.56
Households: 2,735 6,282

Contact

Photograph of Listing Agent

Brett Kaplan

OPTIMUS CREIA MFCRE Member
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