Very Popular Cosmopolitan Restaurant

Viera, FL (Brevard County)

Seller Financing Available
Very Popular Cosmopolitan Restaurant

Asking Price:$395,000

Cash Flow:$175,000

Gross Revenue:$1,202,000

EBITDA:N/A

FF&E:$78,000

Inventory:$8,000

Lease Rate/Sq. Ft.:N/A

Established:N/A

Very Popular Cosmopolitan Restaurant

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Business Description

This is a popular New York style restaurant serving breakfast, lunch and dinner in a very fast growing area with strong demographics. It has a large repeat upscale customer base and gets continually excellent reviews. Sales for 2016 have increased consistently each year from 2014 and 2015. In addition, it is in close proximity to a major medical center, a handful of golf courses, and several other upscale amenities. Ideal for either a family operation and/or an experienced chef-owner. Fully-trained staff is in place.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Everything is in immaculate condition. The kitchen was completely remodeled in 2014. This is a 2,000 square foot facility with 64 seats inside with additional seating outside. Lease is in place and can be extended.
Competition:
One of the highly respected eatery in its trading area.
Growth & Expansion:
Several residential builders are active in the area, including some substantial gated communities.
Financing:
Yes, $150,000
Support & Training:
The owner will share all recipes and help out for two weeks, plus be on call for an additional two weeks or as needed.
Reason for Selling:
Retirement.

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Barry Ebert

Business Listed By:
Barry Ebert

Optima Realty

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