Waterfront Bar And Grill – Includes Property

For sale is a historic riverfront restaurant located just 7 minutes from the beach and close to downtown Melbourne. This neighborhood bar and grill offers a fun vacation vibe dining experience with views of the Indian River. Set among tall palm trees with an open, airy, sun-shaded deck for outdoor dining, the dock side tiki bar greets arriving boaters from the 132' foot dock.
Seating for 210 includes both indoor and outdoor dining options and a perfect place to host parties for all occasions. The venue's seafood is delivered fresh daily and they have a variety of food for land lovers alike. They feature live music on Friday nights, and Sunday afternoons & evenings. Year Over Year Sales are $1M+ with the exception of COVID19's impact on 2020 where sales were $806k.
This prime waterfront real estate including all exterior structures, a single-family home, and the restaurant is included in the transaction.

Down Payment: $1,350,000

Total Sales: $1,134,588

Discretionary Earnings: $80,604

FFE: $75,255

FFE Included: Yes

Inventory: $17,200

Inventory Included: Yes

Year Established: 1986

Year of last Acquisition: 2000

Days & Hours of Operation: Tuesday - Sunday, 12pm-9pm | Closed on Mondays

Owner Hours Per Week: 20

Employees: 23

Managers: 3

Absentee Owner: No

Real Estate: $1,000,000

Real Estate Included: Yes

Monthly Rent: $3,850

Type of Location: Stand Alone

Square Footage: 5,239

Franchise: No

Relocatable: No

Reason For Sale:

Discuss with the seller.

Training & Support:

Two weeks at no cost to buyer.

Owner Qualifications:

Bar & Restaurant Mgmt Experience