71197-Central Florida Waterfront Restaurant

FL

71197-Central Florida Waterfront Restaurant
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Asking Price: Get Financing: $350,000

Cash Flow: $74,000

Gross Revenue: $1,437,000

EBITDA: N/A

FF&E: $300,000

Inventory: $30,000

Lease Rate: N/A /SF

Established: 1959

71197-Central Florida Waterfront Restaurant

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Business Description

Established well over 50 years, this restaurant is still known today for its "Old Florida Dining." Located in a very picturesque Central Florida, this full service restaurant and bar serves lunch, dinner, and alcoholic beverages to individuals and groups. Waterfront dining is a big draw for both locals and seasonal visitors alike. Excellent location with both dockside and highway access. The restaurant features delicious menu with wide variety including seafood, steaks, southern style cooking, elegant desserts and a large bar selection. They not only cater special events, but they have many large groups including clubs and organizations with over 20 guests. The restaurant also features live music on the weekends for their patrons, sure to help make the most of their visit. The company has a proven track record, supported by many satisfied customers over the years.

Offering these services requires appropriate licensing, equipment for cold storage, commercial grade kitchen equipment for food preparation, and personnel trained to prepare food, cocktails and properly serve customers. This company has been experiencing steady growth over the past few years. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. A more aggressive owner looking to increase revenue might consider increasing operational hours and stronger marketing efforts. The current owner is approaching retirement and ready to see a new owner take the company to the next level. Financing may be negotiable for the right buyer. Please contact IAG offices for full details!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
39
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 8,223 square foot facility is two stories and features two kitchens, each with common prep area, and two full bars. Upstairs includes an 85 seat dining area with outside deck seating. Ground floor features a 160 seat dining area, including a banquet room and a small office. The owner has intent to sell the property with the business and is currently looking into an appraisal. A lease option may be negotiable.
Competition:
75% repeat clientele
Support & Training:
The key employees will most likely stay on after the sale. The owners are available for a reasonable transitioning period.
Reason for Selling:
Other interest.
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IAG Buyer Division

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Buyer Division

IAG

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