Asking Price:

$499,000

Gross Income:

$650,000

Cash Flow:

$180,000

FF&E:

$400,000.00 *

Inventory:

$5,000.00 **

Real Estate:

N/A

Year Established:

2003

Employees:

5 ft 25 pt

Business Types:

Restaurants
Other Eating & Drinking Places

** not included in the asking price

* included in the asking price

Business Description

Upscale dining at its very best, two spectacular dining rooms, One can hold 50 plus customer for private dining. There is no better location on the Island. Plenty of drive by traffic along with foot traffic due to plenty of beach style stores in the area within walking distance. This Chef inspired kitchen has it all a 20 plus sautee area over sized walk-in with freezer. The 30 foot hood vent is top of line. This free standing building has a remarkable lease for the area. Only $4000 per month including taxes, insurance and rent. The reputation is so good it is one of the few Island restaurants open all year round.
A new operator can increase sales by opening for lunch and possibly enjoying the luxury of closing for the off season or continuing being open all year round

Detailed Information

Facilities:

Free standing one block off the beach

Financing:

400K down

Support/Training:

2 weeks

Reason Selling:

other opportunities