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SBA Qualified. E2 Visa. Upscale Restaurant.

Wekiva Springs, FL (Seminole County)

Seller Financing Available
SBA Qualified. E2 Visa. Upscale Restaurant.
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Asking Price: $825,000

Cash Flow: $917,555

Gross Revenue: $1,544,592

EBITDA: $259,017

FF&E: $250,000

Inventory: $5,000

Rent: $10,018 /Month

Established: 2007

SBA Qualified. E2 Visa. Upscale Restaurant.

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Business Description

4 STAR Restaurant.$2018 Sales $1,544,591 which is up by $62K+ over 2017. Rated 4.5 STAR By Google & 4 STARS by Yelp. What's the Upside? It's open only 5 & half days & closed ALL important holidays - including Mothers Day; Demand is clearly there for it to open 7 days a week, additionally after many months Seller was recently approved by COSTCO to sell their gift cards which will also increase sales substantially. Known for Quality Fresh Food and Great Ambiance. Approximately 30% are Beer, Wine & Liquor sales. Excellent financials & SBA lender qualified or E-2 Visa. Seller hired additional staff in 2018 to manage & cook so he can spend more time with family. Seller may stay on as consultant, after the training period. Sellers insists all Buyers are Fully Qualified before showing; "Special landlord requirements for lease assignment, call agent for details". Seller will provide additional explanation for the financials to qualified buyers.

Attached Documents


Detailed Information

Location:
Wekiva Springs, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,830
Lease Expiration:
3/31/2023
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,830 SF beautifully furnished and well maintained restaurant located close to a high demographic area.
Competition:
Upside is that it's open only 5 ½ days a week. Despite demand it's closed for all major holidays - including Mothers Day, Thanksgiving, etc. etc. Opening 7 days a week, will substantially increase the sales. Seller takes every opportunity to close on a holiday.
Growth & Expansion:
What's the Upside? It's open only 5 & half days & closed ALL important holidays - including Mothers Day; Demand is clearly there for it to open 7 days a week, additionally after many months Seller was recently approved by COSTCO to sell their gift cards which will also increase sales substantially.
Financing:
Will Discuss
Support & Training:
Three weeks at no cost to Buyer. Seller is open to staying on as a consultant - terms and conditions can be discussed.
Reason for Selling:
Simply put, he's burnt out .. needs to spend more time with family.
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Contact the Seller

(from currently available funds)
 
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Ravi Bahl

Business Listed By:
Ravi Bahl

Spectrum Realty Partners

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