Established Restaurant and Building/Land over Gulf of Mexico

Levy County, FL

Seller Financing Available
view from the marina
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Asking Price: Get Financing: $2,900,000

Cash Flow: N/A

Gross Revenue: $975,000

EBITDA: N/A

FF&E: $400,000

Inventory: $35,000

Real Estate: $2,300,000

Established: 2016

Established Restaurant and Building/Land over Gulf of Mexico

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Business Description

Business, Building & .5+/- Acres of Land with Development Potential

This is an extremely unique opportunity to own an established 7500 sqft restaurant with 2 floors and 2 separate business models under one roof. This business is being sold in combination with with real estate including the building and an additional 0.5 +/- acres of deeded and buildable commercial property. The entire restaurant building and property are directly over the Gulf of Mexico on a blossoming North Florida island, and the adjoining undeveloped property has endless potential for private residences, retail, restaurants, bars, and more! Truly an amazing opportunity to own a piece of “Old Florida” that you have to see to believe!

The current building has been home to restaurants for over 50 years, with stunning panoramic views of the Gulf of Mexico from both floors. The previous restaurant was in this location for over 35 years! Each floor has an independent kitchen, bar, and ADA accessible bathrooms. The entire building was completely renovated in 2016 and includes new HVAC, electrical with LED lighting, plumbing, fire alarm system, and elevator complete with ADA accessibility to both floors, and so much more. The compressor and fans for the walk-in cooler on the first level were replaced in February of 2018, and there are 2 long line 16 tap draft systems behind the bar on each floor that are serviced from the walk-in cooler. The building boasts a dining deck on the left side of the first floor, as well as custom retractable Sunesta Sun Shades that open the downstairs floor up so guests can sit and enjoy their dining experience right over the Gulf of Mexico, watching the resident dolphin pods and admiring the beautiful local birds and other wildlife. The restaurant is currently marketed as a “casual bar and island eats” experience on the first level, and a seasonal “elevated dining” restaurant on the second level. Both menus feature the local clams, oysters, and Gulf seafood. All menu items are chef designed and are prepared in house to order with proven success with the clientelle of the area.

The restaurant currently offers in house and some outside catering services, and has become the premier private event space in the town, with large event bookings well into 2019. With the biggest space and the best views, the sky is the limit for where you can take this opportunity. If you are looking for turn key with limitless potential, this opportunity is for you! There is so much more to offer, we just cant list it all, it’s truly a SEE IT TO BELIEVE IT DEAL.

Serious primary inquiries only. No Brokers.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
7,500
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant will be sold with all licenses (including Florida SRX full liquor), equipment, dinnerware, custom cypress top tables, custom glassware, menu covers, security cameras, Rezku tablet based point of sale, recipes, inventories, EVERYTHING turn-key and ready to start making money from day one. Cash offer is preferable, but owner financing is available. Full lists of equipment and dinnerwares can be provided upon request.
Competition:
Located on a small island, there are only a handful of restaurants total. This restaurant is the biggest, most updated, most accessible, and has best views on the island!
Growth & Expansion:
The business continues to grow yearly and the newest and biggest growth is in private event sales. This is one of the ONLY spaces on the island to host an event for more than 75 guests and the only venue with an in house catering service and has the absolute BEST views that all private party clients are looking for. Weddings, Receptions, Rehearsal Dinners, Company Parties we have done them all and have many already booked for 2019. The Land that comes with the property is deeded commercial and ready for expansion - Condos, Retail, Docks etc.
Financing:
20% down required
Support & Training:
Current owners are Executive Chef and GM. Owners will provide support for one month during transition, and longer if needed. Current Staff and Assistant GM/Kitchen Manager are established and know day to day tasks. Most of current staff have been there 6+ months (many since 2016 opening). Owners have cultivated a great culture, and have a great team in place.
Reason for Selling:
Owners are newly married and looking to start the next chapter in life!
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Business Listed By:
Jordan Keeton

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