Beach Theme Restaurant Back on the Market ! OWNER WANTS OUT
For Sale in Englewood, FL
Financial & Assets Details
About the Business
Caribbean Beach Theme Restaurant/Bar with FULL LIQUOR SRX LICENSE. Seller has had a great run at it after 17 years.(27 years in same location.)It's time to retire after recent surgery and 40 years in the Restaurant-Bar Industry. The price has been DRASTICALLY REDUCED by $100 grand from $399 K to $299 K(will finance with $175K Down). Seller is an ABSENTEE owner.There is an experienced Chef/GM running the show.Brand new 5 year lease in the works plus 3 X 5 year options.Buy this as a SEMI-PASSIVE INVESTMENT, maintain your travel and Florida social lifestyle,OR keep your day job OR become a full-time owner and make an extra $50-$75K a year. HUGE UPSIDE!!The books/tax returns are clean.Seller will need proof of funds.Please be real and serious. Let's NOT WASTE time.
Growth & Expansion
Currently this is a DINNER ONLY Restaurant/Bar from 4:30 to 10 pm.A new owner could build a lunch business and add outbound catering and delivery.
Owner Financing available
This is a unique beach theme with steady year round clientele.
Clean Books & Records with verifiable income. Super Low Rent in the same location for 27 years (w/current owner 17 yrs). The Restaurant has 150+ seats and plenty of parking for dining and Bar patrons.
Support & Training
The Chef/GM will stay on indefinitely and provide training and orientation for Buyer.Owner too will be available for phone consultation for 6 months after closing.
Reason for Selling: