Oceanfront Restaurant With Real Estate Earns Six Figures
Location Florida,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1700000
Net Profit / Cash Flow $190000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1955
Number of Employees 10 - 19
Inventory Real Estate: $1,685,000.
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Owner will train - long standing team in place.
Reason for Sale Partnership split.
Description Oceanside Restaurant with Real Estate earns six digits on the books with sales of over $1.7 Million. Pristine books and records (including tax returns) substantiate this very strong return. One of a kind business is part restaurant, part tourist attraction where the beach is the decor and you're offering something truly special. Featured in multiple national magazines and as a photo shoot location for national vendors. The menu is much more than a cut above the usual found at beach hangouts. Raw and steamed seafood selection. Extensive beer assortment. Hot and cold sandwiches, healthful snacks and platters. On top of all this, it's 100% cash - no credit cards accepted and the onsite ATM transfers to YOU in the sale. 2900 square foot restaurant with nearly 200 seats inside and out. Building and land on the ocean included. 1300 square foot apartment/office building. Full kitchen including walk-in cooler and walk-in freezer, hood, grease trap, flat top, fryers, dishwasher, POS system, alarm system, plenty of storage. Competition The only restaurant directly oceanfront for miles in either direction. Unique and special restaurant is in a class of its own. Operation Seamless operation crafted by years of practice. This 60 year-old business is Cash Only - No credit Cards accepted. They OWN the onsite ATM machine which transfers in the sale. Real Estate 2 oceanfront lots and two buildings. Recent appraisal on file. This highly profitable and confidential listing will be previewed only to well qualified buyers that provide proof of ability to purchase and over $500,000 liquidity in order to qualify for financing. Offered at $2,495,000. Email or call Eric or Robin Gagnon 386-439-0934 - Listing Number FL7100 - for more information on this Oceanfront Restaurant for sale.
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