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Accommodation & Food Services

Turnkey Restaurant Opportunity With Re–seller Financing Available

Sarasota County, FL, USA
Listed 62 days ago

Whether you're an experienced restaurateur or looking for your first venture, this opportunity is NOT TO BE MISSED. The restaurant has an extensive base of loyal local and seasonal customers who enjoy great music from local, regional, and national bands, good food, and fantastic people-watching, all while enjoying a welcoming vibe. It features indoor and outdoor seating with a memorable courtyard dining experience perfect for first dates, older couples, families, or singles just wanting a night out. Real property is included in the asking price, with the option to either BUY or LEASE TO OWN the real estate. A recent appraisal valued the real estate at over $1.6M, and the business consistently produces over $1.4M annually with limited operating hours. Financials are clear and concise. Owner financing is available for qualified buyers, and restaurateurs who have equity and experience may qualify for SBA financing. IMPORTANT NOTICE: This is an operating business being offered for sale CONFIDENTIALLY. Interested parties MUST complete a Confidentiality Agreement (NDA) and provide a Personal Financial Statement (PFS) before specific information, including the business name and location, will be disclosed. Listing 924-36206

Location

Stand Alone Building

Employees

16 PT 3 MGR

Real Estate

Real Property Included

Owner Financing

Owner financing is available. Please contact the seller for more information.

Premises Details

Real Estate Included in Price: $1,600,000

Years Established

17

Support & Training

Weeks Training: 2 Cost: $0

Size In Square Feet

6,948

Inventory / Stock Value

$5,000 - included in the asking price

Reason for Selling

Retirement

Financials

Asking Price
$2.3M
RevenueMost Recent Year
$1.5M
Earnings (SDE)Last Reported
$251K
Assets ValueIncluded in Asking Price
$88K
Seller Financing
Yes

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