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Iconic Restaurant In Heart Of Naples (Business Only)


Category :  Restaurants SIC :  5812  
Detail :   Price :  1,550,000  
County :  Collier Down :  1,550,000  
State/Prov :  Florida Adj Net :  438,739  
Country :  USA Sales :  3,130,612  

***PRICE REDUCED***

 

This is a first class and high efficiently run restaurant with a remarkable reputation in SWFL. THE REAL ESTATE CAN INCLUDED AND IT IS LOCATED AT ONE OF THE BEST LOCATIONS IN ALL OF NAPLES! Restaurant sits on one of the busiest roads in SWFL with some of the highest traffic in all of SWFL with an average of 55,000 cars passing daily. Ownership prides itself on exceptional service, having the best staff and offering a dining experience to remember. Their fusion of international foods has now become a staple of the area. Non-Owner management is in place for a true absentee owner purchase if desired!

Real Estate IS available for purchase or Long term lease!


Reason for Sale :  Retirement & Focus on community/church involvement
General Location :  S.W Florida
Organization Type :  Corp 'Sub S'     Hours Owner Works: 30
  :  Years Established : 29  Years Owned:  29  Emp FT:  15  Emp PT:  45  Mgrs:  2
Non Compete :  Miles:  3  Years:  200  Weeks Training:  4  Cost:  0
Operating dys/hrs :  Normal Restaurant Hours
Skills/Licenses :  4COP-QUOTA Included w/ Purchase
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    May Qualify For Visa: Y

 


Data Source Tax Return Tax Return    
Year (Cash Flow) 2018 (N) 2017 (N) (N)    
Gross Revenue 3,138,932 2,764,374 0  
Cost of Goods 1,035,622 945,778 0  
Gross Profit 2,103,310 1,818,596 0  
Expenses 2,043,821 1,805,548 0  
Net 59,489 13,048 0  
Owner Salary 104,000 104,000 0  
Benefits 114,614 115,078 0  
Interest Expense 3,389 3,569 0  
Depreciation 12,089 7,366 0  
Other 195,008 197,478 0  
Owner Benefit 488,589 440,539 0  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 45,000 Y* 4COP-QUOTA License 300,000 Y*
F F & E 879,987 Y* Total Assets 1,335,649 Y*
Leasehold 110,662 Y*   *Included?  

Lease/Month: Square Footage: Building Type: Shopping Center
Terms & Options:   Expiration Date:

Loan/Assumable - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  
Loan/Seller - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  
Loan/Other - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  

JASON A. BROOKS Office :   (239) 849-9334  
ASSOCIATE Agent Direct :    
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Fax :   (866) 985-8735  
3510 KRAFT ROAD Cell :   (239) 357-7073  
NAPLES, FLORIDA 34109 Email :   [email protected]  
USA Home Page :   www.sunbeltnetwork.com/naples-fl

 



Steak

Background information

Reference:

NAPFL001-N55

Finance

Sales:

$3,138,932

Profits:

$488,589

Profit type:

Discretionary Earnings

Premises

Square footage:

6300 u/a

Opportunities

Growth:

1: Catering... Catering could easily be increased to $20k a month in off season and $50,000 in season that’s an average of $35k a month. $35k @ 12 months is $420,000 2: Sundays.... A Sunday brunch buffet (none in area except for a country club or hotel in season) 350 people per day at $25.95 per head which is low = $9082. @ 52 weeks = $472,000 3: Saturday entertainment… Stay open until 2am $8.000.00 - $15,000 is on low end average) @ 52 weeks is another $415,000 4: Reduce Cost... The cost of goods could be a little closer watched and shopped around for additional savings.

Price and terms

Price:

$1,550,000

Training:

Owner will provide training, coaching for 30 day transitional period with the option for continued support. Also there is a GM in place who stays that can provide all the training needed to run restaurant.