Destin, FL

COMPANY OVERVIEW

Beautiful restaurant & bar in a premium location on Hwy. 98 in Destin, FL. The business offers…..

– Profitable with good cash flow
– Well-trained staff
– Loyal customer base
– newly renovated, unique décor,
– Occupies 5,600 sq. ft., seats 160, large stage
for live music, (2) bars with large selection
draft beers
– seller financing for a qualified buyer
– transition training at no charge
– And more!!!

This is an unusual opportunity to own a very profitable, turnkey business and live on the beautiful gulf coast.

GENERAL INFORMATION

Year Established:
2017
Facilities:

The restaurant was re-modeled in 2016 and is in excellent condition. The facility consist of 5,600 sq. ft., seats 160+ It has a (2) beautiful bars, large stage for live music. The décor is unique with updated kitchen. Truly a turnkey facility!!!

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

Training:

The seller will provide sufficient training to ensure a smooth transition

Reason for Selling:

Seller has health issues and wishes to semi-retire.

FINANCIAL SUMMARY

Asking Prince:
$95,000
Revenue:
$1,165,000
Cash Flow:
$92,000
Real Estate:
Lease (long term)
FF and E:
$68,000 (incl in price)
Inventory:
$19,000