Eight Year Old Grill Restaurant

Bradenton, FL (Manatee County)

Eight Year Old Grill Restaurant
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Asking Price: $325,000

Cash Flow: $170,698

Gross Revenue: $1,088,239

EBITDA: N/A

FF&E: $85,110

Inventory: $10,500*

Rent: $7,849 /Month

Established: 2011

*not included in asking price.

Eight Year Old Grill Restaurant

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Business Description

NDA and Buyer F.S. requested before releasing any information. 2,800 restaurant and grill located in major grocery store center with indoor and outdoor seating. General Mgr and Kitchen Mgr in place. Established for 8 years, a very popular hangout for locals and lunch spot for neighboring business. Cash flow exceeds $100M annually. Music and Trivia nights. 1,500 apartments within 3 miles.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
8/31/2022
Employees:
4FT;14PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,800 s.f. facility with bar and dining area plus outside seating. Located in a major grocery chain shopping center. Upgrades made to the facility in 2018. Lease payments are $7,849 per month with the lease expiring on August 31, 2022.
Competition:
Minimal in the immediate area.
Growth & Expansion:
Revenue can be increased by extending hours beyond the present closing time. 300 new apartments under construction with a half mile of location.
Support & Training:
Two weeks at no cost to the buyer.
Reason for Selling:
Relocation
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Business Location


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(from currently available funds)
 
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Kenneth Swan

Business Listed By:
Kenneth Swan

Wagner Realty, Business Brokerage Group

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