Landmark Diner in Southwest Florida not actual building

Sarasota County, FL

Not actual Diner
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Asking Price: Get Financing: $149,500

Cash Flow: $81,034

Gross Revenue: $271,907

EBITDA: N/A

FF&E: $3,000

Inventory: $1,500

Lease Rate: $1,492 /Month

Established: 1961

Landmark Diner in Southwest Florida not actual building

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Business Description

This is a well established, landmark breakfast and lunch restaurant in a very visible area in Southwest Florida beach community with a wine and beer license. There are 24 seats inside and 24 seats outside. The number of employees varies with the season from a low of one to a high of 5. The current owners have dramatically increased profits in the last two years, but unfortunately as a result of personal issues mandate a sale. The business should be SBA qualified and eligible for an E2 Visa. The lease is for 10 years, renewable every two years. Because of its asking price, visibility, location, high quality food and service, along with the facilities’ flexibility this business will sell quickly.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
800
Lease Expiration:
10/14/2022
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Diner with typical counter, 24 seats inside 24 seats outside, all FFE in kitchen.
Competition:
none
Support & Training:
Two weeks
Reason for Selling:
personal issues
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Contact the Seller

(from currently available funds)
 
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Timothy Reed

Business Listed By:
Timothy Reed

Merritt Realty Corporation

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