Bar and Restaurant for Sale in FL - Seven-Figure Sale

Amazing Opportunity to Own This Highly Profitable American Franchised Bar and Restaurant for Sale  Located Less Than 30 Miles Outside of Ft Myers Florida.  $2 Million in Annual Revenue and more than $200,000  in Annual Owner Benefit - Seller would consider financing for a Well Qualified Buyer.

Amazing lease in a High Traffic Location and Beautiful Build-Out Less than Three Years Old are Just a Few of the Highlights.  Absentee Owned and Operated,  Low Royalties, and Tons of Potential to Grow Revenue and Cash Flow Make this Restaurant for Sale a MUST SEE.  This One Will Go Fast!  Should easily qualify for SBA Lending.  

Brought to you by We Sell Restaurants, this profitable Franchised Bar and Restaurant for Sale has it all.   The venue itself is only three years old so you know the equipment and overall condition of the build-out and equipment will be terrific.  When the owner took over the site seven HVAC units were replaced and a state of the art security system installed.  The size of the space is massive...over 9000 square feet.  Seating capacity is 300 plus there is a separate area for private parties and events.
 
The Franchised Bar and Restaurant for Sale helped negotiate a very favorable lease.  There are over six years left on the initial term with three additional options to renew.  The rent is currently less than $12 per square foot.  Not a typo...Monthly rent is under $9500 per month, less than 6% of net sales for this unbelievable location.  The next owner will have many years to own and grow this business.  And the news keeps getting better...Royalties are a low 5% of sales with 1/2% for advertising.  This is a good two to three points lower than most franchises and this franchise, according to the owner, is wonderful to work with.

Located on the Gulf Shores, less than an hour from Sarasota or Ft Myers, this is ideal Franchised Bar and Restaurant for Sale for anyone looking to live the good life by the beach.  A strong owner-operator should be able to make their entire investment back in less than three years.  There is plenty of opportunity to grow revenue as well.  Currently, this Restaurant opens at 3 PM daily.  Lunch business is an immediate opportunity to increase sales.  The staff is experienced with many of the key members being there since this profitable restaurant and bar opened in 2016.  The owner is absentee and needs to focus his time on his core business out of state so he has this opportunity priced to sell fast.  Act now...
 

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Listing

  • Listing#: 6735
  • Price: $695000
Lease Term: Over 6 years on initial term plus 3 renewable terms
Monthly Rent: $9240
Indoor Seating: 296
Inside Sq. Ft: 9545
Hood System: Yes
Neighboring Businesses: Retail Shops, Department store, Service stores....
Hours Open: Monday thru Saturday 3:00PM to 10:00PM Sunday 12:00 noon - 9:00PM
# of Part-Time Employees: 41
# of Full-Time Employees: 7
Net Sales: $1997117.00
Owner Benefit: $206460

Features

  • Florida Restaurant and Bar For Sale
  • Annual Revenue exceeds $2 Million
  • Annual Owner Benefit over $200,000
  • Over 9000 Square Feet accommodates 300 Guests
  • Great Location and Lease terms
  • Full Franchise Support
  • Restaurant for Sale