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High Visibility Restaurant Bar on the Water.Owners want to Retire

Sarasota, FL (Sarasota County)

High Visibility Restaurant Bar on the Water.Owners want to Retire
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Asking Price: $2,999,000

Cash Flow: $700,000

Gross Revenue: $2,500,000

EBITDA: N/A

FF&E: N/A

Inventory: $75,000*

Rent: $144,500,000 /Month

Established: 2009

*not included in asking price.

High Visibility Restaurant Bar on the Water.Owners want to Retire

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Business Description

High Visibility Restaurant Bar on the Water.Owners want to Retire

NO REAL ESTATE included.JUST an iconic Waterfront Restaurant Bar in a prime Sarasota County Location.This is a HOT SPOT for the affluent,the locals and the vacationing crowd.High visibility;high traffic location.Parking is not an issue. This is a one of a kind place where boaters can pull in and be served great seafood and a wide range of exotic dishes made by world renowned chef.Its Yummy! The place can seat up to 250 people between its inside dining room,outside decks and banquet room.Talk about atmosphere...it never snows here and the cocktails and margaritas flow all day long.The current lease is good for 11 more years and there is a strong possibility that this can be extended much further.All serious parties interested in the place will need to go through a pre-qualification process.This is a once in a life-time to BUY a Florida "Waterfront Restaurant-Bar".Don't miss out!!! The Asking Price of $3,249 million is for this well established business(NO REAL ESTATE).

Detailed Information

Location:
Sarasota, FL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
8,500
Lease Expiration:
N/A
Employees:
50
Facilities:
8500+/- sqft
Financing:
TBD
Support & Training:
2 to 4 weeks negotiable
Reason for Selling:
Ready to Retire
Business Website:
http://www.BusinessBrokerWorld.com
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Contact the Seller

(from currently available funds)
 
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Denis J.Burke,MBA

Business Listed By:
Denis Burke

Business Broker World

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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