Charming Ethnic Restaurant in Upscale Location

Not Disclosed, FL
Martin County

Asking Price: Annual Revenue:
$180,000 $943,468

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Charming Ethnic Restaurant in Upscale Location Broker: Bob Leone

Quick Facts

Asking Price: $180,000
Annual Revenue: $943,468
Net Profit: Not Disclosed
Cash Flow: $98,580
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 10
BBN Listing #: 391411185
Broker Reference #: 170-08474

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Business Overview:

This Ethnic Restaurant officially opened in December 2019 after undergoing 7 months and over $200,000 of renovations. Charming décor, indoor and patio seating. 2,177 square feet space with favorable lease in high-end location. One of the great negotiations to this lease is that major repairs and replacement of A/C units and walk-in cooler are the landlord’s responsibility if tenant takes care of the maintenance program.

Owners are a husband-and-wife team. The husband takes care of all administrative duties; the wife is the chef/purchaser/manager of all daily operations. New owner can continue to serve ethnic fare or convert to any type of cuisine. Seller financing and/or potential partnership with a considerable capital investment may be possible for well-qualified and documented buyer. 2020 numbers show they did well during the pandemic. 2021 numbers are a proforma based on the first three months’ sales.

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Property Features and Assets:

Inventory: $5,000 (Included in the asking price). Lease/Month: $3,368.5. Square Footage: 2,177. Building Type: Huge Upscale Plaza. Expiration Date: 7/31/2023.

Reason for Selling:

Time constraints.

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.

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