Location: Lake County, Florida
Business Category: Restaurants
Business Subcategory: American Restaurant
Listing ID: 4110-00249
Listing Status: New
Currently family-owned and semi-absentee operated, the current owners are looking to relocate. This themed bar/restaurant is a turn-key establishment that has been around for 14 years boasting strong sales and a positive reputation. With positive online reviews, and a potent entertainment schedule (trivia, DJs, bingo, open mic, etc), the restaurant stays busy for mealtimes and after-hours.
There is a favorable lease in place (including additional options) and the staff is stable with trusted employees that have several years of tenure, and an excellent back-of-house kitchen manager. Ownership has implemented upgrades such as new outdoor patio furniture and a new hood/exhaust
system for the back of the house.
Growth opportunities exist to increase sales (being more hands-on in the business, advertising online, being present on social media, etc).
Down Payment: $1,350,000
Total Sales: $1,727,495
Discretionary Earnings: $416,679
FFE Included: Yes
Inventory Included: Yes
Year Established: 2004
Year of last Acquisition: 2019
Days & Hours of Operation: Sun - Wed, 11a-9p | Thurs, 11a-11p | Fri, 11a-2a
Owner Hours Per Week: 20
Absentee Owner: No
Lease Option: Multiple Option Periods
Monthly Rent: $14,400
Type of Location: Strip Building
Square Footage: 4589
Reason For Sale: Relocation
Training & Support: Two weeks at no cost to buyer.
Two weeks at no cost to buyer.
Owner Qualifications: Bar & Restaurant Mgmt Experience
Bar & Restaurant Mgmt Experience