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Savory Steak And Fresh Seafood Restaurant For Sale

Polk County, Florida
Asking Price:
$2,200,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,353,211 (USD)
Cash Flow:
$632,951 (USD)

Newly remodeled Steak Restaurant & Bar + Real Estate for Sale on major highway. 6000 sq. ft., 160 seats, 4 COP, 35 employees, 12 yr. business, 70 parking spots + overflow, 1 acre, 2 managers, owner only works 20 hrs./wk. Closed for 3 months in 1st Q. of 2018 for $400K in renovations. Building upgrades now driving $30K more sales per month than in 2017. Clean books, clean new facility. Could add breakfast or increase hours open. R/E appraised @ 1.1M. Business asking 2X adjusted net. 1.1 + 1.1 = 2.2 price.

Property Information

Real Estate:

Real Property Included

Premises Details:

1 acres. 6000 sq. feet. Off of major highway and next to a hotel.

Business Operation

Expansion Potential:

The area population continues to grow. New owner may do well to expand daily hours or even add a breakfast in this spot.

Reasons for selling:

Aging Mom -- Moving family back to Greece for a couple years.

Trading hours:

Monday-Sunday 11am-9pm

Employees:
2 FT / 35 PT
Years established:
12

Other Information

Support & training:

Will train for 2 weeks @ $0 cost.

Financing available:

Lender pre-screened with $330,000 down.

Furniture / Fixtures value:
$175,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

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