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Business For Sale

Outstanding Restaurant Opportunity in Landmark

Lake County, FL

Food & Beverage: Restaurants, Fast Food, Deli

Business For Sale
Photo not provided
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$875,000
$600,000
$150,000
$150,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
2007
8
62328180
Owner Financing is Available!
Seller willing to finance based on buyer’s financial qualification and security agreement.

Business Overview:

Everything is in place: great location in a landmark building, newly renovated. Restaurant enjoying a great reputation and steady increase in business. Lots of more business to go after. All the right tools are here giving the right buyer an unlimited potential to expand the business. And the right buyer must be able to document the financial capacity for Seller to release additional information. So, “sightseers and tourist” need not bother, but anybody serious cannot afford to ignore this opportunity.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Freestanding building of local historical importance. Originally built in 1926 and completely renovated by Seller in the past three years. Total area of building is 6,750 square feet. Restaurant currently seats about 100 diners, but plenty of space for increase. All kitchen equipment has been updated or replaced by Seller in the past two years. Leasehold improvements over the same period estimated at $60,000. Business has an SRX liquor license

Market Competition and Expansion:

The establishment enjoys a very good reputation in the community and many clubs, associations and professional groups hold their meetings in the restaurant with a lot more like that to go after. Seating in the dining area can increased including two pool tables that can be removed. Current hours of operation are Mon-Sat 11.00am – 2.00am. Expanded hours could include Breakfast and Sunday Brunch. Live entertainment two nights a week and karaoke every Friday. Very popular and can of course also be expanded.

Reason for Selling:

Seller wants to retire after having literally work

Additional Details:

  • The property is owned.
  • 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.

Resources:

 

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