Business for Sale Overview:
A vibrant, growing waterfront casual bar and restaurant. The outdoor patio is the perfect place to relax and unwind and enjoy the best sunsets! Great food, friendly staff and outstanding service in a relaxing environment offering entertainment every weekend. Indoor and outdoor seating is provided to suit every customer s preferences. The family atmosphere becomes more party-like as the evening progresses. The asking price for the assets of the business including inventory at cost of $14,000 and all FFE (Furniture, Fixtures & Equipment) valued at $300,000 is $525,000 ALL-CASH or $750,000 with $250k down payment and financing to qualified buyer . The purchaser will need to assume dishwasher lease ~$150/mo incl maint/supplies. The seller prefers ALL-CASH.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The facility seats 140 indoors and 160 outdoors. The 3,600 Square Feet high visibility space is leased for a monthly rent of $12,000 plus $2,544 NNN plus 6% of any annual sales in excess of $2.4 Million. Security deposit is $14,544. The lease expires approximately September 31 2012 with 5 year market renewal option.
Reason for Selling:
Relocation out of state
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.