Historic Seafood Restaurant in the Panhandle Revenue $1.7M+

Price: $795,000

Location: Pensacola, FL

Industry: Full-Service Restaurants

Listing ID: 4110-00226

Listing Status: New

Description

Historic Family Owned Seafood Restaurant in business over 33 years! The family recipes and traditions include fresh, local seafood that makes visiting a must for anyone in the panhandle.
Currently only open until 4:30 pm, the owners are preparing and training their staff to now offer a dinner menu. Plus the owner just added a full liquor license to increase revenue. Sales have rebounded very well since COVID.
Several 5 Star Reviews. Owner is ready for a new adventure and will entertain some owner financing for a qualified buyer.

LISTING DETAILS

Down Payment: $795,000

Total Sales: $1,703,320

Cash Flow: $128,832

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $50,000

FFE Included: Yes

Inventory: $7,000

Inventory Included: Yes

Operation

Year Established: 33

Year of last Acquisition: 1988

Days & Hours of Operation: Tuesday - Saturday 10:30 am - 4:30 pm (subject to change)

Owner Hours Per Week: 40

Lender Pre-Qualified: No

Employees: 31

Managers: 0

Absentee Owner: No

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $5,200

Type of Location: Free Standing Building

Square Footage: 2,700

Franchise: No

Relocatable: No

Summary

Reason For Sale:

Other business interests.

Training & Support:

Seller will provide new owner a two week training period at no cost.

Owner Qualifications:

Restaurant Management Experience

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

Tony Blair

Tony Blair