30 YR Restaurant Seller Retiring

Stuart, FL (Martin County)

Patio dining
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Asking Price: $129,000

Cash Flow: $70,000

Gross Revenue: $589,864

EBITDA: N/A

FF&E: $75,000

Inventory: $5,000

Rent: $3,825 /Month

Established: 1989

30 YR Restaurant Seller Retiring

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Business Description

ALICE'S Family Restaurant/ Primarily Breakfast and Lunch

Located along the Main Artery ("East Ocean Blvd)" leading from downtown to the Beaches & Hutchinson Island in Attractive Shopping Center aka (Cedar Pointe Plaza)popular strip plaza. ALICE'S First Opened in 1989. Seating for 138 guests includes 96 seats interior (11 Booths seat 4 each, 10 Four Tops, 8 Two Tops) , and 42 seats on the covered patio (9 more Four Tops & 3 more Two Tops). The Interior leased space is 2114 sf in addition to the large patio. Hours are Sunday-Monday 7am-2pm. Tuesday to Saturday 7am-8pm. Seller has maintained one of the most detailed financials completely computerized. Multiple year P & L available. 2018 Gross Revenue $589,864, with Benefit to Owner of $70K plus. Guest Count per year 66,000.

Detailed Information

Location:
Stuart, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,114
Lease Expiration:
N/A
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Complete Inventory of equipment available. Most kitchen equipment newer than 6 years. Leased property has just been newly roofed.
Competition:
Plaza has several specialty restaurants bringing patrons to the location. More than 400 parking spaces are available.
Growth & Expansion:
Several condominium complexes are within walking distance of the restaurant. With more affluent single family homes immediately to the east along St Lucie Blvd, Sewalls Point, and Hutchinson Island. A popular destination for the 55 plus. Owners have done little to develop the dinner trade, which allows room for serious growth. Subject has a premium location in the plaza that also home to other specialty restaurants. Improved Beer Wine sales could also contribute to increased revenue.
Support & Training:
Seller will train for an agreed upon period of time.
Reason for Selling:
Absentee Owner choosing retirment.
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Business Listed By:
Dean Baumgartner

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