Business Overview:
Court Ordered short Sale of Waterfront Restaurant including R.E.
Full service sports bar and grill for sale on Waterfront property in an enterprise zone. Bank is owed $2.25 million. Bank will accept $1.3 million for property and business. This family friendly restaurant features over 5,500 square feet of indoor seating and an additional 1,200 square feet of outdoor patio space. Family friendly colorful decor throughout the restaurant and overhead heat lamps on covered patio allow year round use. Flat screen televisions blanket bar and restaurant for viewing of NBA, NFL, College Football and various other sporting events. Signature gourmet pasta, wings, ribs, salads, sandwiches, burgers, lunch specials are just a few of the items featured on the menu. High visibility and great location provide traffic to this restaurant for lunch and dinner service.
The enterprise zone offers a plethora of tax incentives for the right buyer. Average Restaurant potential revenue is estimated at $4 million annually. In addition to revenue and tax incentives, a qualified restaurateur can purchase this opportunity for as little as $1.3 million. Leasehold appraised at $2.3 million. Leasehold with business is priced to sell at 1.3 million. This restaurant is an excellent opportunity that will not last long.
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:
High Visibility and Great Location!
Reason for Selling:
Court Ordered
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.