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Restaurant With Bar In Destin For Sale

Destin, Florida
Asking Price:
$429,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,365,000 (USD)
Cash Flow:
$158,000 (USD)

Beautiful restaurant/bar located in a premium location on Hwy 98. Business is profitable, has a well-trained staff & a loyal customer base. Combined space inside (dining area & bar/entertainment) & outside seating for 160 is approx. 5600 sq. ft. The full liquor license services the bar that seats 64 with a large stage for music. The full-service bar has a large selection of draft beers and menu items are primarily Italian. This is an unusual opportunity to own a very profitable, turnkey business and live on the beautiful gulf coast.

Property information

Real Estate:

Lease

Location:

Located on Hwy 98 in Destin, FL in the heart of "restaurant row". Destin is one of the leading tourist destinations in Florida.

Premises Details:

Restaurant has been beautifully remodeled and is in excellent condition with new floors, bathrooms, entrance to bar/entertainment area.

Business Operation

Expansion Potential:

Located in a huge expansion area, there is always room for growth.

Competition / Market:

As is true with all restaurants, there is competition.

Reasons for selling:

Seller has health issues and wishes to retire.

Employees:
8 F/T; 2 P/T
Years established:
2 years

Other Information

Support & training:

Seller will provide sufficient training to ensure a smooth transition at no charge.

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

Seller will provide financing with a substantial cash injection at below bank financing rates.

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD)

Contact Information

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