DESCRIPTION
Waterfront seafood restaurant in need of an aggressive owner/operator eager to remake this restaurant to the gem it once was. Seller is offering the business for $75,000, but prefers to sell all assets including real estate for $75,000 down. Add the real estate and you can assume the existing SBA 504 loan or finance yourself for less than what it would cost to rent. Seller willing to finance up to $100K.
Total sale would include about $800K in assets including 800' of canal front property with long, picturesque window wall. Turnkey restaurant providing the seller a profit, but he no longer has the initiative to promote and work the business to it's potential. Highly motivated!
OPPORTUNITY
Presently generating $398,808 in annual revenue and $68,467 owner benefit based on being open eleven months per year and six days per week -- 4 days dinner only. Menu is very dated and in need of new ideas.
PRICING
$75,000
CONTACT
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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