Iconic Restaurant In Heart Of Naples w/ Real Estate Included
| Category | : | Restaurants | SIC | : | 5812 | |
| Detail | : | Price | : | 5,900,000 | ||
| County | : | Collier | Down | : | 5,900,000 | |
| State/Prov | : | Florida | Adj Net | : | 438,749 | |
| Country | : | USA | Sales | : | 3,130,612 |
| This is a first class and high efficiently run restaurant with a remarkable reputation in SWFL. THE REAL ESTATE IS 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. Non-Ownership management is in place for a truly absentee ownership business. Their fusion of international foods has now become a staple of the area. |
| 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 | 4,000,000 | Y* |
| Inventory | 45,000 | Y* | 4COP-QUOTA License | 300,000 | Y* |
| F F & E | 879,987 | Y* | Total Assets | 5,335,649 | 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 protected] | ||
| USA | Home Page | : | www.sunbeltnetwork.com/naples-fl |
Background information
Reference:
NAPFL001-N54
Finance
Sales:
$3,138,932
Profits:
$488,589
Profit type:
Discretionary Earnings
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:
$5,900,000
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.