General Business Information
Listing ID:
4110-00431
Listing Type:
Exclusive Right of Sale
Price:
$895,000
Down Payment:
$600,000
Subcategory:
Bar/Restaurant
County:
Orange
State/Prov:
Florida
Country:
United States
Sales:
$3,694,002
Description of Business
This turn-key and successful 16+ year old Central Florida business is a staple in the community, known for its upscale and friendly atmosphere catering to both small and large groups. The venue boasts weekly drink specials, diverse entertainment options such as Karaoke and live DJs, and a popular Sunday Brunch. The craft kitchen features a newly designed menu and offers catering for large parties and group events.
The current owners are looking to retire and, aside from the current management in place, will provide a familiarization period for an incoming buyer to ensure continuity. Additionally, an Orange County 4COP Liquor License is available for this opportunity.
This business is best suited for an owner/operator with bar and restaurant management experience. Despite a challenging financial year in 2023 due to high COGS and COL, historically, the financials have been very healthy, and with a more engaged and proactive approach to financial management and operational efficiency, this business is primed for a successful turnaround under the right leadership.
Listing Details
Location:
The venue is located in a historic building and offers incredible flexibility with many indoor and outdoor arrangements for private events and gatherings which can accommodate over 1,200 patrons by code.
Organization Type:
'LLC'
Hours of Operation:
Wed 5p-11p | Thur 9p-2a | Fri 4p-2a | Sat 5p-2a | Sun 11-11p
Years Established:
16
Years Owned:
16
Employees FT:
15
Employees PT:
20
Managers:
4
Amount of Hours Owner Works:
20
Is Relocatable:
No
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
No
May Qualify for a Visa:
No
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
$3,694,002
$954,379
$2,739,623
$3,034,456
$-294,833
$230,000
$0
$0
$0
$63,779
$-1,054
2022
$3,908,305
$969,159
$2,939,146
$3,038,007
$-98,861
$230,000
$0
$64,279
$83,977
$223,854
$503,249
2021
$4,021,822
$1,168,077
$2,853,745
$2,637,473
$216,272
$230,000
$0
$83,979
$183,911
$76,241
$790,403
Assets Included in Sale
Leasehold Improvements:
$3,800,000 Included
FF+E:
$200,000 Included
Inventory:
$5,000 Included
Total Assets Included:
$4,005,000
Lease Information
Monthly Rent:
$31,271
Expiration Date:
2029-12-31
Square Footage:
12100
Terms and Options:
Negotiable - The Landlord and the current Business Owner have a great relationship and a strong lease is in place with future options as well.
Building Type:
Downtown Bldg
Summary
Reason for Sale:
Discuss with the seller.
Training and Support:
One week.
Non Compete:
3 miles for 6 months
Owner Qualifications:
Bar + Restaurant Management
Financing Summary:
Seller willing to finance $295,000 of the purchase price monthly payments of $9,108.74 for 36 months and 7%.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00431
Listing Type: Exclusive Right of Sale
Price: $895,000
Down Payment: $600,000
Subcategory: Bar/Restaurant
County: Orange
State/Prov: Florida
Country: United States
Sales: $3,694,002
Description of Business
This turn-key and successful 16+ year old Central Florida business is a staple in the community, known for its upscale and friendly atmosphere catering to both small and large groups. The venue boasts weekly drink specials, diverse entertainment options such as Karaoke and live DJs, and a popular Sunday Brunch. The craft kitchen features a newly designed menu and offers catering for large parties and group events.
The current owners are looking to retire and, aside from the current management in place, will provide a familiarization period for an incoming buyer to ensure continuity. Additionally, an Orange County 4COP Liquor License is available for this opportunity.
This business is best suited for an owner/operator with bar and restaurant management experience. Despite a challenging financial year in 2023 due to high COGS and COL, historically, the financials have been very healthy, and with a more engaged and proactive approach to financial management and operational efficiency, this business is primed for a successful turnaround under the right leadership.
Listing Details
Location: The venue is located in a historic building and offers incredible flexibility with many indoor and outdoor arrangements for private events and gatherings which can accommodate over 1,200 patrons by code.
Organization Type: 'LLC'
Hours of Operation: Wed 5p-11p | Thur 9p-2a | Fri 4p-2a | Sat 5p-2a | Sun 11-11p
Years Established: 16
Years Owned: 16
Employees FT: 15
Employees PT: 20
Managers: 4
Amount of Hours Owner Works: 20
Is Relocatable: No
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: No
May Qualify for a Visa: No
Financial Information
INCOME PERIOD, Year: 2023
GROSS SALES: $3,694,002
– Costs of Goods Sold: $954,379
= Gross Profit: $2,739,623
– Total Expenses: $3,034,456
= Net Before Taxes: $-294,833
ADD BACKS
+ Owner(s) Salary: $230,000
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $63,779
TOTAL OWNER BENEFIT: $-1,054
INCOME PERIOD, Year: 2022
GROSS SALES: $3,908,305
– Costs of Goods Sold: $969,159
= Gross Profit: $2,939,146
– Total Expenses: $3,038,007
= Net Before Taxes: $-98,861
ADD BACKS
+ Owner(s) Salary: $230,000
+ Benefits: $0
+ Interest Expense: $64,279
+ Depreciation: $83,977
+ Other : $223,854
TOTAL OWNER BENEFIT: $503,249
INCOME PERIOD, Year: 2021
GROSS SALES: $4,021,822
– Costs of Goods Sold: $1,168,077
= Gross Profit: $2,853,745
– Total Expenses: $2,637,473
= Net Before Taxes: $216,272
ADD BACKS
+ Owner(s) Salary: $230,000
+ Benefits: $0
+ Interest Expense: $83,979
+ Depreciation: $183,911
+ Other : $76,241
TOTAL OWNER BENEFIT: $790,403
Assets Included in Sale
Inventory: $5,000 Included
FF+E: $200,000 Included
Leasehold Improvements: $3,800,000 Included
Total Assets Included: $4,005,000
Lease Information
Monthly Rent: $31,271
Expiration Date: 2029-12-31
Square Footage: 12100
Terms and Options: Negotiable - The Landlord and the current Business Owner have a great relationship and a strong lease is in place with future options as well.
Building Type: Downtown Bldg
Summary
Reason for Sale: Discuss with the seller.
Training and Support: One week.
Non Compete: 3 miles for 6 months
Owner Qualifications: Bar + Restaurant Management
Financing Summary: Seller willing to finance $295,000 of the purchase price monthly payments of $9,108.74 for 36 months and 7%.
LISTING BROKER