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Businesses For Sale   >>   Banquet Businesses For Sale   

Modern American Steakhouse For Sale

Location  Florida,United States
Asking Price Range  $250K - $500K
Gross Revenues  $990000
Net Profit / Cash Flow  $178200
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1984
Number of Employees  20 - 34
Inventory  300000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Seller will provide two weeks of training at no cost to buyer.
Reason for Sale  Retirement.

Description  
Lake County Landmark, upscale restaurant & lounge for Sale. Newly remodeled with a total of 220 indoor and outdoor seating. Plush Dining Area, modern lounge / bar, and comfortable covered patio. Great kitchen facility fully equipment and refrigeration to spare. Banquet facilities can accommodate up to 90 seats for parties and private events. Owner is retiring and presently open for only 39 hours per week (Dinner Only) & grossing $1 Million in sales. When Restaurant was open for lunch & diner, sales were $1,700,000. 7,500 square foot 3-Story Free Standing Building located in Lake County. Restaurant occupies 1st and 2nd floors which is approx 5,000 square foot. Price has just been reduced to $350K with $190K down for the business Only. The real estate is available for lease at only $5,000 per month or the real estate can be purchased for $975,000. Seller will finance a portion of the sale for a qualified buyer. Conventional financing is available on the property. Contact Sunbelt Business Brokers of Orlando today for more information and a complete confidential business summary package with signed NDA at 407-960-7390 today.


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