Price: $590,000
Location: Tallahassee, Florida
Business Category: Restaurants
Business Subcategory: Seafood Restaurant
Listing ID: 4110-00299
Listing Status: New
FIRE SALE!!! 2 (TWO)Seafood Restaurants!!! Due to major Health issues, the owner is forced to sell and retire! Two locations just off I-75 and another off I-10 surrounded by several hotels. They have been in operation since 2015 and have been high grossing stores and even though COVID sales were over $2 million!! These are high energy stores and with a high energy staff and Management in place for continued success!! The stores are full of upgrades to AC units to Kitchen Equipment for a new owner to enjoy! ALL offers will be entertained for a quick closing!!! Please see the Both locations at BBF-4110-00297 & BBF-4110-00298
-- 2019 Gross sales $5.3 mill | 2020 Gross Sales $4.1 mill | 2021 Gross Sales $4.9 mill
--NOTE !!! If you are interested in a 3rd location across the street from the Beach in Saint Pete Beach, let us know as this would be a great addition to the Brand and around the same price, this was a $2 million store as
well.
Down Payment: $590,000
Total Sales: $4,825,039
Discretionary Earnings: $579,005
FFE: $500,000
FFE Included: Yes
Inventory: $30,000
Inventory Included: Yes
Year Established: 2015
Year of last Acquisition: 2015
Days & Hours of Operation: 11am - 10pm 7 days a week
Owner Hours Per Week: 20
Employees: 100
Managers: 6
Absentee Owner: No
Lease Option: Negotiable
Real Estate Included: No
Monthly Rent: $18,400
Type of Location: Free Standing
Square Footage: 17,100
Reason For Sale: Health Issues
Training & Support: Two weeks at no cost to buyer.
Owner Qualifications: Restaurant Management Experience