MergerPlace

Turn Key Restaurant Another Price Drop!

Florida


  • Asking Price: $65,000
  • Gross Income: $476,680
  • Cash Flow: $96,963
  • Real Estate: Not Disclosed
  • Inventory: $20,000
  • FF&E: $300,000
  • Listing ID: #220305
  • Established: 2018
  • Employees: 9

Business Description

This restaurant is located in a Publix strip mall in Cocoa, Fl, with ample parking, a constant flow of customers with the right demographics.
The fully equipped commercial kitchen at this restaurant is huge. The bar area is separate with high top booth seating and seats over 30.
The brand new build out cost over $300,000 with all modern and sophisticated equipment, walk-in cooler and freezer as well as a dedicated beer walk-in, large kitchen which would support any concept of cuisine, and big enough to allow for catering for the neighboring Cocoa Beach hotels.
The facility is a massive 4,800 SQF and can host events such as birthdays, social and meet-up/ networking events. The Sky is the Limit for what you can achieve with this opportunity!
The owner cannot focus on this business because of his other business interests. This is why this restaurant is basically coming as an asset sale and offers the opportunity for a tremendous upside for a hands-on operator.
It also has a spacious Hershey’s ice cream corner.
This place is looking for the right owner operator to take it to where it should be, and that may well be you!
Motivated Seller, committed to the success of the right buyer and able to extend financing, with only 50% down and the rest over 24 months at 0%, with payments starting only after 6 months. The Seller will accept a $110,000 Cash Offer!
Please refer to listing 2301582110 and business broker Mo Belarj when your inquire about this listing.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida

Company Information

Year Established: 2018
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9

Financial Information

Asking Price: $65,000
Gross Revenue: $476,680
Cash Flow: $96,963
FF&E: $300,000
Inventory: $20,000
Seller Financing Available: Yes

Property Information

Facilities:

Lease/Month: 5500 Square Footage: 4800 Building Type: Free Standing Terms & Options: Expiration Date: 5/31/2021

Competition:

Non Compete : Miles: 5 Years: 5

Reason for selling:

Other Business Interests

Support & Training:

Weeks Training: 2 Cost: $0

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

MOHAMMED BELARJ

Transworld Business Brokers of Central Florida