Thursday, November 11, 2010

My new listings this week (Nov 11):

BBF-47810015 Large Restaurant/Banquet Hall
Location: Sarasota County, Florida
Sales: $1.85M
Owner Benefit: $217K
Price: $2.85M including real estate
Details: Fantastic 10,000 sf family restaurant and banquet hall serving breakfast, lunch & dinner. Broad menu including full breakfast, sandwiches, standard American fair plus steaks, seafood and other specialties. Full bar w/4COP SRX. Community hot spot for local organizations and events. Real estate includes large parking lot and fully rented small commercial bldg. Appraised in Sept 2010. Owner eager to retire and will entertain all offers.

BBF-47810016 Restaurant/Bar
Location: Lee County, Florida
Sales: $3.08M
Owner Benefit: $271K
Price: $750K
Details: Fantastic award winning waterfront restaurant with indoor/outdoor bar serving breakfast, lunch, dinner. Weekly entertainment always draws large crowds. Diverse menu offering unique appetizers, soups, salads, sandwiches, pizzas, specialty coffees and desserts. Full mangement team in place. Great opportunity for experienced restaurant/bar promoter to grow business. Lease based on fixed percent of revenue to protect against seasonality.

BBF-47809036 Used Auto Dealership-Buy Here-Pay Here
Location: Lee County, Florida
Sales: $1.74M
Owner Benefit: $101K
Price: $100K plus $440K of A/R avail at 35 cents/dollar.
Details: Strong sales-2010 up over 2009. High exposure near major US highway. Traffic over 44,000 cars per year. Opened 4/30/3005. Excellent reputation for selling quality cars at fair price. Sold well over 2000 cars with only 2 BBB complaints. Weekly ads very effective attracting customers. Two employees willing to stay. Both know entire operation including sales. One speaks Spanish. Approximately $440K accounts receivable available at $0.35 per dollar potential to fund business purchase. Real estate optional.

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