Landmark American & Seafood Restaurant in Boca Grande, FL.
Asking Price: $933,000
Cash Flow: $281.161
Gross Revenue: $1,200,000
FF&E - $99,000 Included
4COP Liquor License (49/51): $200,000 Included
Established 1990, Owned since 2004
Popular Restaurant with SBA Pre-Approval in Boca Grande, FL
Includes SBA Pre-Approval and a comprehensive GCF Valuation with 2020 numbers included. Ideal location in the heart of Boca Grande!. This very popular 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.
Limited Competition due to city wide ordinance that prohibits chain restaurants. Books out for wedding parties & private parties upon volume requests. Fresh seafood delivered 6 days a week, utilizes several local vendors. Community orientated restaurant that has been operating for more than 30 years. Includes an 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. Please see SBA lender Pre-Approval & GCF in financial package (easy sign electronic NDA).
Real Estate: Leased
Building Square Footage: 1,721 + large 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: Owners want to dedicate full time work to a non profit animal shelter they run.
FT: 12 PT: 4
1,721 + large patio area
Rent and lease terms:
9,600 per month
Price and terms