Free Restaurant Opportunity! Only $18k Out of Pocket

General Business Information

Listing ID:

4110-00338

Listing Type:

Exclusive Right of Sale

Down Payment:

$18,000

Category:

Restaurants

Subcategory:

Bar/Restaurant

County:

Lake

State/Prov:

Florida

Country:

United States

Sales:

$1,500,000

SDE:

$225,000

Description of Business

New owners have spared no expense on all of the upgrades to this restaurant. The dining room and kitchen offer an ample 2,200 square feet of space in a relaxed environment with a unique concept that expands beyond serving great food, liquors, beer and wine to it's rapidly growing Lake County patrons. The business has great curb appeal featuring an expansive 2,000 square foot outdoor covered patio with heaters, fans and tv's in a very busy shopping center with large National Brands and a movie theater. Management in place and fully staffed. A new owner could keep current concept or bring a their own. Seller is open to discuss all opportunities. Buyer must have Extensive Restaurant Experience and minimum of $100k in liquidity Seller has invested over $200k into the New Concept and is looking for a new operator. Fill out an NDA for more details.

Listing Details

Location:

Extremely busy shopping plaza in rapidly growing area of Lake County.

Organization Type:

Sole Proprietorship

Hours of Operation:

Sun & Mon 11a - 8p; Tues - Sat. 11a - 10p

Years Established:

2022

Years Owned:

.5

Employees FT:

6

Employees PT:

14

Managers:

1

Amount of Hours Owner Works:

25

Is Relocatable:

No

Is Home Based:

No

Is a Franchise:

No

Is Lender Pre Qualified:

No

May Qualify for a Visa:

Yes

Financial Information
INCOME PERIOD, Year
GROSS SALES

– Costs of Goods Sold

= Gross Profit

– Total Expenses

= Net Before Taxes
ADD BACKS

+ Owner(s) Salary

+ Benefits

+ Interest Expense

+ Depreciation

+ Other
TOTAL OWNER BENEFIT
2023
$1,500,000

$480,000

$1,020,000

$795,000

$225,000
$0

$0

$0

$0

$0
$225,000
Assets Included in Sale

Leasehold Improvements:

$100,000 Included

FF+E:

$100,000 Included

Inventory:

$5,000 Included

Total Assets Included:

$205,000

Lease Information

Monthly Rent:

$6,399

Expiration Date:

2027-07-31

Square Footage:

4,200

Terms and Options:

Negotiable

Building Type:

Strip Center

Summary

Reason for Sale:

Discuss the with seller.

Training and Support:

The seller agrees to work in the business for a period of 14 days in order to familiarize the buyer with the business.

Non Compete:

Three years within a five mile radius.

Owner Qualifications:

MUST HAVE RESTAURANT MANAGEMENT EXPERIENCE

Financing Summary:

Listing agent will discuss the financing details during first phone conference with qualified buyers.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Tony Blair

Tony Blair
General Business Information

Listing ID: 4110-00338

Listing Type: Exclusive Right of Sale

Down Payment: $18,000

Category: Restaurants

Subcategory: Bar/Restaurant

County: Lake

State/Prov: Florida

Country: United States

Sales: $1,500,000

SDE: $225,000

Description of Business

New owners have spared no expense on all of the upgrades to this restaurant. The dining room and kitchen offer an ample 2,200 square feet of space in a relaxed environment with a unique concept that expands beyond serving great food, liquors, beer and wine to it's rapidly growing Lake County patrons. The business has great curb appeal featuring an expansive 2,000 square foot outdoor covered patio with heaters, fans and tv's in a very busy shopping center with large National Brands and a movie theater. Management in place and fully staffed. A new owner could keep current concept or bring a their own. Seller is open to discuss all opportunities. Buyer must have Extensive Restaurant Experience and minimum of $100k in liquidity Seller has invested over $200k into the New Concept and is looking for a new operator. Fill out an NDA for more details.

Listing Details

Location: Extremely busy shopping plaza in rapidly growing area of Lake County.

Organization Type: Sole Proprietorship

Hours of Operation: Sun & Mon 11a - 8p; Tues - Sat. 11a - 10p

Years Established: 2022

Years Owned: .5

Employees FT: 6

Employees PT: 14

Managers: 1

Amount of Hours Owner Works: 25

Is Relocatable: No

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: No

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2023


GROSS SALES: $1,500,000

– Costs of Goods Sold: $480,000

= Gross Profit: $1,020,000

– Total Expenses: $795,000

= Net Before Taxes: $225,000



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $0



TOTAL OWNER BENEFIT: $225,000

Assets Included in Sale

Inventory: $5,000 Included

FF+E: $100,000 Included

Leasehold Improvements: $100,000 Included

Total Assets Included: $205,000

Lease Information

Monthly Rent: $6,399

Expiration Date: 2027-07-31

Square Footage: 4,200

Terms and Options:

Negotiable

Building Type: Strip Center

Summary

Reason for Sale:

Discuss the with seller.

Training and Support:

The seller agrees to work in the business for a period of 14 days in order to familiarize the buyer with the business.

Non Compete: Three years within a five mile radius.

Owner Qualifications:

MUST HAVE RESTAURANT MANAGEMENT EXPERIENCE

Financing Summary: Listing agent will discuss the financing details during first phone conference with qualified buyers.