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...
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.Please click on the tab below to easily acknowledge confidentiality on this Restaurant for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Steve Weinbaum at (770) 714-4552
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- Listing#: 6735
- Price: $350000
- Florida Restaurant and Bar For Sale
- Annual Revenue of $1.9 Million
- Annual Owner Benefit over $160,000
- Over 9000 Square Feet accommodates 300 Guests
- Great Location and Lease terms
- Full Franchise Support
- Restaurant for Sale