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Full-Service Premier Seafood and Steak Restaurant

FL

FOO1102
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $2,281,000

EBITDA: $660,000

FF&E: N/A

Inventory: N/A

Established: N/A

Full-Service Premier Seafood and Steak Restaurant

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Business Description

The company is a full-service seafood and steak restaurant. It is situated in a prime location with lakefront seating, boat dock, and beach area. It is considered one of the most popular and premier destination restaurants in the county.

Key aspects
•Operating in growth mode, revenues have increased from $1.9M in 2015 to $3.7M in 2018
•Compounded annual growth rate for adjusted EBITDA is 34% over the last four years
•Situated in a prime location with lakefront seating, boat dock, and beach area
•Excellent reputation in the local market
•Serves lunch and dinner seven days a week
•The restaurant has a private dining area and two bars
•Search Engine Optimized (SEO) website

Opportunities
•Escalate marketing efforts to increase client base
•Expand the bar clientele through marketing and live music offerings
•Continue to provide high-quality food and customer service to take advantage of the growth in the market served
•Continue to negotiate pricing agreements with key vendors to support margin growth
•Launch a customer loyalty program (birthday, special events, referral discounts, etc.)

Headquartered
•Florida

Current markets
•The restaurant generates approximately 75% of its revenue from local customers, and 25% from tourists.

Real estate
•The restaurant is leased from an affiliate-owned entity. The restaurant property consists of four parcels of land. The main portion is on two parcels with 2.08 acres of lakefront property. The real estate is included as part of the sale; however, the owner is also opened to negotiating a long-term lease agreement with new ownership after the planned sale of the business.

Shareholder/owner objectives
•The company is owned by a single shareholder looking to exit the business to pursue other personal interests. He feels the company is in a position where new ownership can take advantage of the growth opportunities in the area.

Attached Documents


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Leo Vanderschuur

Business Listed By:
Leo Vanderschuur

Benchmark International

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Sponsoring Broker:
Emily Cogley

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