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Popular American & Seafood Restaurant in Boca Grande, FL.


Asking Price: $995,000

Cash Flow: $351,329

Gross Revenue: $1,194697

FF&E - $99,000 - Included

4COP Liquor License (49/51): $200,000 - Included

Inventory: $18,000 - Included

Established 1990, Owned since 2004

Business Description:

* Ideal location in the heart of Boca Grande! Very limited Competition (city wide ordinance no chain restaurants)

* Strong financial performance with well run operation. This opportunity is SBA approved.

This very popular & profitable restaurant stayed open through COVID-19 (never closed for even a day!). Recently, the breakfast meal and a 4COP Liquor License were added for incremental growth opportunities. This full service, family owned restaurant enjoys a 150 Seat capacity and served 423 Lunches in one day (2019). Well known for the Grouper Sandwich & other popular menu items. Very dedicated & productive staff, will stay on for ownership change.

Very limited competition due to city wide ordinance that prohibits chain restaurants. Fresh seafood delivered 6 days a week, utilizes several local vendors. Community orientated restaurant that has been operating for more than 30 years. Books out for wedding parties & private parties upon volume requests. Includes Ice cream shop and a retail store that opens during the season that regularly enjoys lines around the building. Current long-term lease and fully staffed for the season.

Detailed Information:

Real Estate: Lease

Building Square Footage: 1,721 + large extended patio area

Employees: FT: 12 PT: 4 (Includes Kitchen & all staff)

FF&E:  Included in asking Price

4COP Liquor License 49/51: $200,000 Value Included in price

Support & Training: Seller will provide two weeks of free training

Reason for Selling: Retirement. Owners want to dedicate full time work to a non profit animal shelter they operate



Boca_grande-3

Background information

Reference:

NAPFL001-N71

Finance

Sales:

$1,194,697

Profits:

$351,329

Profit type:

Discretionary Earnings

Operations

Employees:

FT: 12 PT: 4

Premises

Square footage:

1,721 + large, two sided patio area

Rent and lease terms:

9,600 per month

Price and terms

Price:

$995,000

Down payment:

$199,000