PRICE CUT $700k++ Restaurant Assets: $49k!!+ Great Lease

Fort Pierce, FL (Saint Lucie County)

PRICE CUT $700k++ Restaurant Assets: $49k!!+ Great Lease
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Asking Price: $49,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $650,000

Inventory: N/A

Established: 2017

PRICE CUT $700k++ Restaurant Assets: $49k!!+ Great Lease

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Business Description

PRICE REDUCED! A rare opportunity to get into a high-end turn-key restaurant, with strong lease terms, for about 10 cents on the dollar! Fire sale!
Beautifully built-out and improved gourmet buffet style restaurant for sale. The restaurant was recently currently closed as it was losing money. 2018 revenue was $650k+. Sellers have other interests and have not been actively managing or marketing it, but it has strong potential to leverage the strong Google and social media rankings, and the strong loyal customer base who are used to going there regularly until recently. Selling only for the price of the $75k worth of restaurant equipment (this is an asset sale only) but buyer gets close to $700k of high-end elaborate leasehold build-out for free. Owner is continuing lease payments so that you have a chance to take advantage of this. Landlord is agreeable about transferring the lease terms and 5 year renewal option to a new owner, and will be easy to work with.

Detailed Information

Location:
Fort Pierce, FL
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautifully built-out and improved gourmet buffet style restaurant space with appx. $700k of high-end build-out and ~$80k of equipment included in the sale. Located in a very busy shopping center with strong visibility and substantial foot and drive by traffic.
Growth & Expansion:
Wonderful opportunity. 2018 revenue was $650k+. Sellers have other interests and have not been actively managing or marketing the restaurant, but it has strong potential to leverage the strong Google and social media rankings, and the strong loyal customer base who are used to going there regularly until recently.
Support & Training:
Seller will help transition
Reason for Selling:
Other interests
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Jeff Manera

Business Listed By:
Jeff Manera

TC Business Brokers

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