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Businesses For Sale   >>   Sarasota Businesses For Sale   

Best Restaurant Opportunity

Location  Sarasota County, Florida, United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1900000
Net Profit / Cash Flow  $168000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1989
Number of Employees  35 - 49
Inventory  312000
Relocatable  No
Number of Employees  35 - 49
Real Estate  Owned
Training  Seller willing to support and train
Reason for Sale  Retirement

Description  
Priced to sell with earning potential of $4- 500K per year-Property recently appraised -Cash Flow is after debt service on property-this High Grossing Restaurant has full liquor license -upscale, casual family dining facility serving breakfast, lunch and dinner. The 10,700 sq ft stand alone, new-looking facility sits on 1.2 acre property in growing west coast area of Florida and includes a lounge, two sit down full liquor bars, a large banquet room plus a 1500 sq ft outdoor seating area. The decor is tasteful European including custom made stain glass windows and doors. The restaurant seats 250 not including the bar or outdoor areas and with the large banquet room it is known as the place for events, meetings, and weddings. The well organized kitchen with large walk in cooler and freezer is set up for maximum efficiency. Experienced staff serving loyal customers for over 20 years. Paved parking with 110 spaces and manicured, landscaped grounds. Sales are growing back to pre-recession levels with gross sales over $3 Million. SBA 504 loan possible on real estate.


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