Ocean Front Restaurant in Gated Community

Not Disclosed, FL
St. Lucie County

Asking Price: Annual Revenue:
$275,000 $1,417,893

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Ocean Front Restaurant in Gated Community Broker: John DeVries

Quick Facts

Asking Price: $275,000
Annual Revenue: $1,417,893
Net Profit: $255,221
Cash Flow: $255,221
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 21
BBN Listing #: 116630
Broker Reference #: 7301729859

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Business Overview:

OCEAN FRONT Restaurant! Absentee Owned! Located within a gated Golf Course Community, there are thousands of private homes and condominiums within 120 acres and 3,000 feet of private beach. An exclusive Olympic size pool and poolside tiki bar (and the TIKI Bar alone did $5,000 per week during COVID-19), they never closed and are open year-round. Also included is a newly renovated 5,000 square feet facility restaurant that sits right on the Beach with stunning views of the Ocean! They have inside seating for 200, an inside Bar & Lounge, newly added private Sports Bar and this is the best place to be in FL! They offer Lunch & Dinner 7 Days a week. They have a full Liquor License, and they have exclusive rights to all the food sales within the community. They are also open to the public and sales are increasing daily. Rent is only $500 per month (yes $500. per month) for 6 months & then it goes to $5k,000 per month in season and best of all the landlord is responsible for all the equipment repairs! You will never find a better lease anywhere! With sales of $1mm plus per year! this is a real moneymaker! Don't Miss This Opportunity! Please refer to listing 7301-729859, Business Broker John DeVries when you inquire about this listing.

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Property Features and Assets:

Lease/Month: $5,000; Square Footage: 5,000; Building Type: Ocean Front; Terms & Options: 2 (3) year options; Expiration Date: 6/1/2022.

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 2

Reason for Selling:

Health Reason.

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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