Price Reduced! Destin Rest/ Bar, Prime Location

Destin, FL (Okaloosa County)

Seller Financing Available
Price Reduced!  Destin Rest/ Bar, Prime Location
Contact Seller

Asking Price: $197,000

Cash Flow: $163,000

Gross Revenue: $1,365,000

EBITDA: N/A

FF&E: $68,000

Inventory: $19,000*

Rent: $0.00

Established: 2017

*not included in asking price.

Price Reduced! Destin Rest/ Bar, Prime Location

Save Print Share Valuation Report

Business Description

Beautiful restaurant/bar located in a premium location on Hwy 98. Business is profitable with good cash flow, has a well-trained staff and loyal customer base. It is newly renovated with unique décor. It occupies 4600 sq. ft. and seats 160. There is a large stage for live music Two bars have a large selection of draft beers. This is an unusual opportunity to own a very profitable, turnkey business and live on the beautiful gulf coast.

Detailed Information

Location:
Destin, FL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,600
Lease Expiration:
N/A
Employees:
8 F/T; 2 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant was remodeled in 2016, has an updated kitchen & is in excellent condition. It seats 160+ It's in a prime location on Highway 98 in Destin, FL
Competition:
As is true with all restaurants, there is competition. The market area is one of the leading tourist destinations in the southeast and it's growing.
Growth & Expansion:
Located in a prime expansion area, there is always room for growth.
Financing:
Seller will provide financing with substantial cash injection, below bank rates
Support & Training:
Seller will provide sufficient training to ensure a smooth transition.
Reason for Selling:
Seller has health issues and wishes to semi-retire.
Contact Seller

Contact the Seller

Contact Seller Loading

Frank Fitzsimmons

Business Listed By:
Frank Fitzsimmons

Pensacola Business Brokers

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1640102 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Sculpture Hospitality

Franchise Opportunity
Cash Required: $39,900