Sarasota Restaurant - Perfect Place - 8391070

Sarasota, FL (Manatee County)

Seller Financing Available
Fun family restaurant

Asking Price:$299,000

Cash Flow:$110,000

Gross Revenue:$648,023

EBITDA:N/A

FF&E:$50,000

Inventory:$5,000*

Established:N/A

*not included in asking price.

Sarasota Restaurant - Perfect Place - 8391070

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Business Description

Top Restaurant in Sarasota- Seller Financing - Free Standing

Great lease. Fun location. Excellent customers. Plenty of training for the novice. This is a great opportunity. Seller financing as well. They have good books and records.

After early two decades of great pizza’s, gyros, wraps, grinders, pasta, salads, and subs, the owner is ready to retired from this well-known and highly appreciated business. The staff does a great job making this location a favorite for lunch and dinner for thousands of loyal customers. People recognize this great brand and love the diverse menu and specialties.

Legacy Venture Group and BuyBizUSA.com will provide address and more information after receiving a signed confidentiality agreement.

Top quality financial records! Owner reports over $500K of his sales on the tax returns. This business has sufficient staff and records to qualify for an international buyer to get a business investment visa.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location Benefits: Devine’s serves a very well populated community of employees (especially during the day) and residents. A new, well-populated, rental community just opened across the street, bringing more customers in 2016 than ever before. The aerial map shows the rich cluster of businesses and homes in the area. This photo was taken before the new rental buildings across the street were completed. Even before this, there was a very dense community surrounding Devine Pizza & More Works. Additional Location Benefits: Note from the map below that this popular restaurant stands far away from the major clusters of competition, giving it an additional unique and competitive edge. Employees in the community do not need to drive far away to get excellent pizza and delicious lunches and dinners. Residences in the community do not need to go far away in the evenings to get the same excellent food.
Competition:
Devine’s serves a very well populated community of employees (especially during the day) and residents. A new, well-populated, rental community just opened across the street, bringing more customers in 2016 than ever before. The aerial map shows the rich cluster of businesses and homes in the area. This photo was taken before the new rental buildings across the street were completed. Even before this, there was a very dense community surrounding Devine Pizza & More Works.
Growth & Expansion:
There is a plan to develop more housing in the market area is on the books for construction in the coming year. New owner should create his or her own marketing plan to continue growing these already attractive sales. Currently Devine’s provides dining, take out and delivery, and each of these areas, as well as catering should be addressed in the marketing plan.
Financing:
Only $125,000 Down For Qualified Person
Support & Training:
Price includes two weeks and can provide support for more if needed.
Reason for Selling:
Health and retirement.

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Brian Stephens

Business Listed By:
Brian Stephens

Legacy Venture Group & BuyBIzUSA

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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