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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
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.
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
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
Leasehold Improvements:
$100,000 Included
FF+E:
$100,000 Included
Inventory:
$5,000 Included
Total Assets Included:
$205,000
Monthly Rent:
$6,399
Expiration Date:
2027-07-31
Square Footage:
4,200
Terms and Options:
Negotiable
Building Type:
Strip Center
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 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
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.
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
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
Inventory: $5,000 Included
FF+E: $100,000 Included
Leasehold Improvements: $100,000 Included
Total Assets Included: $205,000
Monthly Rent: $6,399
Expiration Date: 2027-07-31
Square Footage: 4,200
Terms and Options: Negotiable
Building Type: Strip Center
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.