Family Restaurant For Sale

Fort Myers, FL (Lee County)

Family Restaurant For Sale

Asking Price:$149,000

Cash Flow:$73,544

Gross Revenue:$856,263

EBITDA:$73,544

FF&E:$25,000

Inventory:$8,000

Rate/Sq. Ft.:$10.00

Established:2014

Family Restaurant For Sale

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Business Description

This well located Restaurant is close to I75. The present owner has to sell because of family issues which was not the plan so the tax returns show no profit. The Restaurant was opened in late 2014 and during 2015 sales exceeded $850,000. The restaurant is in a stand alone building in a shopping mall. Plenty of parking. The restaurant seats 160 and has 6000 sq ft. of space. It is a family restaurant and the owner is only serving beer and wine. A new owner could easily apply for a liquor licence, Please contact listing agent for additional information. Seller might carry some paper for qualified buyer.Please see Internal Listing #924-03525

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
6,000
Lease Expiration:
11/1/2019
Employees:
FT 7, PT 9, MG 1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
2 Weeks/No Cost
Reason for Selling:
Family Issues

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Steve Rietbergen

Business Listed By:
Steve Rietbergen

American Business Brokers

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