Established Full Service Restaurant on 1.2 Acres -High Profit Margin

North Port, FL (Sarasota County)

Established Full Service  Restaurant on 1.2 Acres -High Profit  Margin

Asking Price:$500,000

Cash Flow:$253,000

Gross Revenue:$1,877,000

EBITDA:$253,000

FF&E:$342,000

Inventory:$14,000*

Real Estate:$1,530,000*

Established:1988

*not included in asking price.

Established Full Service Restaurant on 1.2 Acres -High Profit Margin

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Business Description

SBA financing available for qualified buyers

High Grossing Restaurant -upscale and casual family dining facility serving breakfast, lunch and dinner with full liquor license. The 10,700 sq ft 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 new 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 20+ years. Paved parking with 110 spaces and manicured, landscaped grounds. For the right buyer the business and property are qualified for a SBA loan. Full Liquor License-on premise-4COP SRX

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
9,249
Employees:
60
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant & Lounge consists of a 9,249 square foot restaurant/lounge building with a 1,686 square foot outdoor seating area on the side of the building. The building contains a large fully equipped commercial kitchen, dining area, lounge area, banquet room and outside seating area. The total seating capacity is 300 per the owner. In addition, the building contains some built-in counters and a bar. The property is well maintained and is in good condition.The building is built of masonry construction with a stucco exterior, fixed glass windows, and built-up roof. Parking is provided on-site with 113 spaces and there is good landscaping, site lighting, and a monument sign. Overall Land -square footage 52,500.
Support & Training:
Seller is willing to train as needed.
Reason for Selling:
Retirement

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Cynthia S. Horton

Business Listed By:
Cynthia S. Horton

Horton Business Group

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