DOWNTOWN RESTAURANT
Undisclosed Address, Sarasota, FL 34236
Business Opportunity
for Sale
| Catylist Listing ID: |
30224576 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
2,870 SF
|
| Sale Price: |
$550,000 |
| Name of Establishment: |
Condfidential |
| Year Business Established: |
2012 |
| Gross Revenue: |
$1,400,000 (Annual) |
| Cash Flow: |
$250,000 (Annual) |
| Cash Flow Type: |
Sellers Discretionary Earnings |
| Sale Terms: |
Cash to Seller. Some Seller financing available to qualified buyer(s) |
| Last Updated: |
10/24/2020 |
Overview / Comments
|
NON-DISCLOSURE AGREEMENT REQUIRED. Highly acclaimed downtown restaurant for sale. Profitable operation. Excellent lease in place. Stellar location. Owners have decided to focus attention elsewhere, and are highly motivated. Seller will execute a non-compete if Buyer elects to continue operation as is. 150 seats with SRS liquor license. Square footage does not include outdoor patio seating for approx. 40 guests.
|
Additional Details
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Owners want to focus attention on new projects |
| Value of Inventory Included ($): |
$4,500 |
| Value of Furniture, Fixtures, and Equipment ($): |
$150,000 |
| Real Estate Status: |
Leased |
| Value of Real Estate Included ($): |
$0 |
| Real Estate Lease Description: |
Current lease expires 2/2/2023. 2-3 year options to renew. Current rent, including CAM and water/sewer approx $5,700.00 per month. |
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