MergerPlace

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

Facilities:

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

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:

Dan Gore

Murphy Business Brokers