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100% Turnkey Waterfront Restaurant


Category :  Restaurants SIC :  5812  
Detail :  Gourmet Dining Price :  4,500,000  
County :  Charlotte Down :  4,500,000  
State/Prov :  Florida Disc Earn :    
Country :  USA Sales :  3,205,186  

This restaurant is designed absentee owner, seller not involved with day to day operations. There are two general managers in place and a fully established staff. The purchase price is reflective of the seller's commitment and efforts in transforming this business with leasehold expenses, encompassing enhancements to the property, equipment, buildings, and landscaping, resulting in the establishment of a fully operational fine dining waterfront venue. There is no additional work, or sweat equity needed from you. The seller’s investment has positioned this turn-key business for a new owner to assume leadership immediately.  An expenditure of approximately $1,100,000 has transformed this restaurant into the stunning waterfront establishment it is today.  The property's estimated value stands at $3,500,000 as of December 2023.

Listing Type :  EXCLUSIVE RIGHT OF SALE Date Revised  :  2/4/2024
Listing Office is :  TRANSACTION BROKER Code 
ERC Code 
:
:
 - 800669
 
Documents on File :  Equipment List:  Y     Lease: N    Corp Resolution: Y
  :  Cash Flow: N     Balance Sheet:  N
  :  Standard Agreement: Y     Signature on File: Y
Showing Remarks :  CONTACT BROKER FOR SHOWINGS
Reason for Sale :  Scaling down for Retirement
General Location :  Gulf Coast Florida
Organization Type :  'LLC'     Hours Owner Works: 5
  : Years Established: 2  Years Owned:  2  Emp FT:  0  Emp PT:  0  Mgrs:  2
Non Compete :  Miles:  50  Years:  2  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  
Skills/Licenses :  
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Qualify For Visa: 

Accounts Rec 0 N* Real Estate 4,000,000 Y*
Inventory 20,978 N* ___________ 0 N*
F F & E 283,583 Y* Total Assets 4,304,561 Y*
Leasehold 1,112,230 Y*
*Included?  
JASON BROOKS Office :  (239) 849-9334  
ASSOCIATE Fax :    
  Home :    
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (239) 357-7073  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  [email protected]  
USA Home Page :  sunbeltofflorida.com

 



Listed By: Jason Brooks

Background information

Reference:

54562

Year established:

2021

Reason selling:

 Scaling back responsibilities due to aging

Finance

Sales:

$3,205,186

Profit type:

Undisclosed

Price and terms

Price:

$4,500,000

Down payment:

$4,500,000