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Savory Steak & Fresh Seafood Restaurant

Polk County, FL

Savory Steak & Fresh Seafood Restaurant
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Asking Price: $2,200,000

Cash Flow: $597,871

Gross Revenue: $2,353,211

EBITDA: N/A

FF&E: $175,000

Inventory: $10,000

Real Estate: $1,100,000

Established: 2006

Savory Steak & Fresh Seafood Restaurant

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Business Description

Newly remodeled Steak Restaurant & Bar + Real Estate for Sale on major highway. 6000 sq. ft., 160 seats, 4 COP, 35 employees, 12 yr. business, 70 parking spots + overflow, 1 acre, 2 managers, owner only works 20 hrs./wk. Closed for 3 months in 1st Q. of 2018 for $400K in renovations. Building upgrades now driving $30K more sales per month than in 2017. Clean books, clean new facility. Could add breakfast or increase hours open. R/E appraised @ 1.1M. Business asking 2X adjusted net. 1.1 + 1.1 = 2.2 price.

Detailed Information

Location:
Polk County, FL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
6,000
Employees:
2 FT/35 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1 acre. 6000 sq. feet. Off of major highway and next to a hotel.
Growth & Expansion:
The area population continues to grow. New owner may do well to expand daily hours or even add a breakfast in this spot.
Financing:
Lender pre-screened with $330k down.
Support & Training:
Will train for 2 weeks @ $0 cost.
Reason for Selling:
Aging Mom -- Moving family back to Greece for a couple years.
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Dan Gore

Business Listed By:
Dan Gore

Murphy Business & Financial Brandon

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