Savory Steak & Fresh Seafood Restaurant

Florida (Polk)

  • Asking Price: $2,450,000
  • Gross Income: $2,353,211
  • Cash Flow: $632,951
  • Real Estate: $1,200,000
  • Inventory: $10,000
  • FF&E: $175,000
  • Listing ID: #211268
  • Established: 2006
  • Employees: 2 FT / 35 PT

Business Description

Amazing "Quick Sale" of fun 12 yr. old Sports Bar/Restaurant plus Real Estate in Lakeland FL area. Dinner only. Tax return shows approximately $3M G.S. & $450K adjusted net. Can keep as a Franchise or change to new concept. 35 employees, 220 seats/110 parking spots, 1.5 acres, 6,000 sq. ft inside. 4 CRX liquor. Camera system, computers, half million in FF&E & new upgrades. Many staff employed 5-9 yrs. $75 to $85K/per week in season & $50-$55K/week out of season. Great area reputation - Fun, Family, Food. Receive $500K cash bonus after purchase puts total price closer to 1.1M. Buy the property & then restaurant is almost free. Banks will do an "expansion loan" on this for any buyer who already owns a restaurant.

Business Details

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

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 35 PT

Financial Information

Asking Price: $2,450,000
Gross Revenue: $2,353,211
Cash Flow: $632,951
FF&E: $175,000
Inventory: $10,000
Real Estate: $1,200,000
Seller Financing Available: No

Property Information


1.3 acres. 6000 sq. feet. Off of major highway and next to a hotel.

Growth & expansion opportunities:

The area population continues to grow. New owner may do well to expand daily hours or even add a breakfast in this spot.

Reason for selling:

Aging Mom -- Moving family back to Greece for a couple years.

Support & Training:

Will train for 2 weeks @ $0 cost.

Contact Business Seller

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Business Listed By:

Dan Gore

Murphy Business Brokers