Seller's Contact Information
- RE: Oceanfront Restaurant - Profitable - EST 20 Years
- Contact: Raquel Afriat
Quick Facts
Asking Price: | $295,000 | |
Annual Revenue: | $700,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 100,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1996 | |
Employees: | 6 | |
BBN Listing #: | 460248944 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Profitable oceanfront restaurant in Hollywood with Tremendous Potential.
Amazing restaurant with wonderful view on the beach.
Newly renovated.
Open only for dinner - tremendous potential for lunch, breakfast and brunch!
Upscale clientele and quality meals, good reputation.
Same owner for 20 years!
New resorts just opened this year close to the restaurant.
Very good for an owner operator and buyers who need an E2 visa.
Bring your own concept !
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Property Features and Assets:
Amazing view - on the beach. Upscale restaurant with 80% recurring customers. Owner wants to retire after 20 years! Ample parking for the beach and surrounding stores and restaurants. New lease 5 years 5 years option in December: rent will be $8,000 per month. Seller will stay for 1 month for training as part of the sale.
Market Competition and Expansion:
Two, new giant resorts almost done with construction near the restaurant just opened end of 2015 and will bring more customers. New owner can double the potential by opening for breakfast and for lunch.
Reason for Selling:
Retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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