Turn-Key, Highly Profitable Restaurant/Bar in The Villages

Price: $1,150,000

Location: The Villages

Business Category: Restaurants

Business Subcategory: American Restaurant

Listing ID: 4110-00249

Listing Status: Reduced Price

Description

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, 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).

LISTING DETAILS

Down Payment: $130,000

Total Sales: $1,727,495

Discretionary Earnings: $416,679

FFE: $295,000

FFE Included: Yes

Inventory: $20,000

Inventory Included: Yes

Operation

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

Lender Pre-Qualified: Yes

Employees: 31

Managers: 1

Absentee Owner: No

Lease Option: Multiple Option Periods

Location

Monthly Rent: $14,400

Type of Location: Strip Building

Square Footage: 4,589

Franchise: No

Relocatable: No

Summary

Reason For Sale:

Relocation

Training & Support:

Two weeks at no cost to buyer.

Owner Qualifications:

Bar & Restaurant Mgmt Experience

Financing/Terms:

Amount Down: $130,000 | Working Capital: $100,000 | Loan Fees/Closing Costs: $56,000 | Months: 120 | Rate: 7.5% | Mo Payment: $13,959

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

Tony Blair

Tony Blair