30 Year Four Star Restaurant in High Traffic Area

Lee County, FL

Restaurant
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Asking Price: $2,000,000

Cash Flow: $333,077

Gross Revenue: $1,395,765

EBITDA: $255,077

FF&E: $250,000

Inventory: $15,000*

Real Estate: $1,450,000

Established: 1989

*not included in asking price.

30 Year Four Star Restaurant in High Traffic Area

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Business Description

The restaurant is a special experience in southwest Florida like no other. Current owners started the restaurant in 1989 in Lee County after previous very successful restaurants. The food is something for very special occasions that you can eat at every night. Beautifully prepared and flavorful dishes, a warm family environment, and beautiful surrounding make for an incredible experience. The restaurant is open for 30 hours a week and the owners currently take 1 months of vacation per year. Four star rated by some of the top critics in SWFL for 15 years.

Detailed Information

Location:
Lee County, FL
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,348
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Stand alone building in high traffic area of Lee County. Building is going through a refresh right now and AC units have been replaced in the last couple years. All the equipment is in good working order and condition ready for transition.
Competition:
There is always new competition coming to Lee County but the restaurant has stood the test of time for 30 years. It is consistently ranked in the top 10 restaurants in the area including all cuisines every year. It is also on one of the busiest roads in SWFL.
Growth & Expansion:
There is opportunity for growth with the expansion of hours and possibility of larger kitchen to handle more online food delivery orders such as Door Dash, Uber Eats, or GrubHub. Owners also has ideas to growth the business that they are willing to discuss and share with the new owner. Also, if the new owner were not to close for a month during the summer there is opportunity to expand the business.
Support & Training:
Owner is willing to train for a 4 week transition period.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Greg Bell

Business Listed By:
Greg Bell

Sunbelt Business Brokers of Naples and Ft. Myers

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Sponsoring Broker:
Joe Alter

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