Profitable Central Florida Steakhouse

Seminole County, FL

Seller Financing Available
Profitable Central Florida Steakhouse
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Asking Price: $380,000

Cash Flow: $109,550

Gross Revenue: $1,285,121

EBITDA: N/A

FF&E: $53,818

Inventory: $14,072

Rent: $4,000 /Month

Established: 1992

Profitable Central Florida Steakhouse

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Business Description

Incredible opportunity to own a 27 yr. old iconic Steakhouse restaurant in Seminole County. Orlando City Magazine "Best restaurant in Seminole County" award winner and 2018 Best of Sanford, Readers Choice winner "Best Steaks". This local establishment has direct frontage along one of the County's major North-South highways that is scheduled to complete a 6-lane expansion project by year-end. Full liquor bar. Owner is semi-absentee that should allow significant cost savings by working owner. RE is available for lease or purchase. Restaurant enjoys excellent Yelp and Trip Advisor reviews. Patron growth should be further enhanced by ongoing area growth and completion of highway expansion. Financials are tax return based not owner to prove. Lender Pre-qualified.

Detailed Information

Location:
Seminole County, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
5/15/2024
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,500 free standing building with direct highway frontage along one of Central Florida's major north-south highways. Turn-key restaurant with all equipment, fixtures, etc. RE is available to be leased or purchased at $1.2MM. Lease term is negotiable based on NNN lease.
Competition:
Area businesses have suffered due to congestion and access issues from a 3-yr. ongoing highway expansion to accomodate area growth. Highway completion is scheduled for early Winter, 2019 that should significantly improve access and visibility.
Growth & Expansion:
Area population and ongoing area residential construction should spur increased patron following notwithstanding imminent resolution of highway expansion completion. Limited advertising is currently undertaken that should be considered by new owner. Also, semi-absentee status of current owner would allow working owner to realize significant economic savings.
Financing:
$300,000 Lender Prequalified
Support & Training:
Owner will train for up to 2 weeks at $0 consideration and provide ongoing advisory services to allow for smooth transition.
Reason for Selling:
Retirement
Business Website:
http://batesonbrokerage.com
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(from currently available funds)
 
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Brad Carpenter

Business Listed By:
Brad Carpenter

Bateson Business Brokerage, Inc.

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Sponsoring Broker:
Brian T. Bateson

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