Treasure Coast Real Estate and Business Opportunity

Fort Pierce, FL (Saint Lucie County) (Relocatable)

Dinner Time
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Asking Price: $1,200,000

Cash Flow: N/A

Gross Revenue: $1,311,316

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $700,000

Established: 1962

Treasure Coast Real Estate and Business Opportunity

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Business Description

Treasure Coast Real Estate and Business Opportunity

Casual restaurant established in 1962 that seats 88. Restaurant and additional structure utilized as a business office is over 3600 sq ft and is situated with overflow parking on 1.07 acres. Located on a major 4 lane highway through the middle of town. Price includes turnkey operation, building and land, all trademarks and IP. Existing billboard on property generates $6000 per year income.
Favorable circumstances for expansion into multiple areas and catering business. Current value is based on a 5 day operating schedule so option is present for additional 1-2 day income.
Current owner will stay on 60 days to ensure a smooth transition to new owner. Buyers must produce proof of funds and must sign a confidentiality agreement . Serious inquiries only!

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Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,600
Employees:
15
Facilities:
3000 sq ft Restaurant structure and additional structure utilized as a business office, 26 space parking lot and additional back lot for overflow parking, fryers, meat slicers, steamers, reach in coolers, convection ovens, ice machines, etc
Competition:
Located on US Highway 1, long established restaurant with community high involvement,
Growth & Expansion:
Restaurant only open 5 days so great opportunity for additional income, catering business was huge but has not been pushed recently and potential is unlimited, almost no formal advertising at this time, social media potential is huge but untapped at this time, and requests for sauces to be shipped nationwide has never been implemented.
Support & Training:
Owner will stay on for 60 days after purchase, 15 employees and 2 assistant managers
Reason for Selling:
Retiring
Franchise:
This business is an established franchise
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Business Listed By:
Pamela Lowe

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