50 year old Space Coast Seafood Legend Includes 4 bedroom house

Brevard County, FL

Best Crabhouse in Florida
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Asking Price: Get Financing: $350,000

Cash Flow: $250,000

Gross Revenue: $1,100,000

EBITDA: $100,000

FF&E: $65,000

Inventory: $30,000

Real Estate: $800,000*

Established: 1968

*not included in asking price.

50 year old Space Coast Seafood Legend Includes 4 bedroom house

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Business Description

Profitable Estabtablished Restaraunt and Bar

This specialty seafood restaurant and bar has a unique product line and a long list of regular customers. For Florida this product line helps the do good business all year round. Recent appraisal. Land and building $800,000 and nearby house $200,000.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
6,500
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
165 Seat Restaurant. Popular bar with full liquor service. 2 private rooms for meetings or parties.
Competition:
Unique product line has people coming from all across Florida to dine.
Growth & Expansion:
Strategically located 2 blocks north of new 850 unit condominium project and across the street from major water front development.
Financing:
Owner will consider financing with 50% and a solid buyer
Support & Training:
Owner will provide as much training as needed perhaps 60 days. Experienced crew will make a smooth transition.
Reason for Selling:
Owner wants to return to home country for extended stay
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Business Listed By:
Jay Dee

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