Restaurant & Bar – Prime Location, Very Profitable

Gulf Coast

COMPANY OVERVIEW

Beautiful Restaurant/Bar located on the Emerald Coast of Florida. This business is extremely profitable, has a well trained staff and management and a loyal customer base. It has approximately 6500 square feet of dining both inside and outside. Owner retiring. An unusual opportunity to own a profitable business and live on the beautiful gulf coast.

GENERAL INFORMATION

Year Established:
1996
Facilities:

It is situated in the Panhandle between Panama City and Pensacola and is in one of the most dynamic growth areas in the state The annual visitor population to both Okaloosa and South Walton Counties is approximately 5 million. It also has a traffic count of over 59,000 annual average daily traffic. Many leasehold improvements have been added to make this one of the most popular restaurants in the area.

MARKET OUTLOOK

Competition:

As in any restaurant there is competition. However, the market area is one of the leading tourist destination in the southeast and growing.

Growth Expansion:

ABOUT THE SALE

Financing:

The seller offers financing with substantial down payment with below bank rates to a qualified buyer with sufficient collateral.

Training:

The seller will provide sufficient training to ensure a smooth transition at no charge

Reason for Selling:

After 26 years, the seller is retiring

FINANCIAL SUMMARY

Asking Prince:
$495,000
Revenue:
$1,900,000
Cash Flow:
$275,000
Real Estate:
Lease (long term available)
FF and E:
$68,000 (incl in price)
Inventory:
$25,000 (included in price)