Business For Sale

Restaurant Asset Sale With Building & Land

Sarasota, FL
Manatee County

Manatee


Asking Price: Annual Revenue:
$1,469,000 $624,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant Asset Sale With Building & Land Broker: Denis Burke
Owner Financing is Available!
SELLER will FINANCE $1.1 Million with 399,000 DOWN

Quick Facts

Asking Price: $1,469,000
Annual Revenue: $624,000
Net Profit: Not Disclosed
Cash Flow: $90,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: $1,300,000
Year Established: 2003
Employees: 16
BBN Listing #: 337645879
Broker Reference #: DB101KST

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Business Overview:

------ Possible E2 VISA Business & Real Estate with a minimum of $399,000 Down------
*RESTAURANT MANAGEMENT SERVICES AVAILABLE *
This is a completely Turnkey Restaurant with about $250,000 of FF&E. The facility has been a Restaurant for 15+ Years.The RESTAURANT IS AN ASSET SALE and NOT being SOLD based on its CA$H FLOW. The REAL VALUE is more in the Real Estate(Building & Land). Prime Location at 4 way Traffic Light. Stand alone Building is 3,000+/-square feet. Lot Size is 26,000 square feet+/-. Space for about 60 to 70+ Cars. Seller wants to sell both Business & Real Estate together and is willing to SELLER FINANCE. Operate "AS IS" or bring your OWN FRESH IDEAS. Current owner is ABSENTEE. YOU can BUY it , OWN it and have it Managed by Expert Restaurant Professionals.

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Property Features and Assets:

Prime Location at 4 way Traffic Light. Stand alone Building is 3,000+/-square feet. Lot Size is 26,000 square feet+/-. Space for about 60 to 70+ Cars. Seller will facilitate a smooth transition for 4 weeks after closing.

Market Competition and Expansion:

Long standing American Diner-Cafe style Restaurant.Possibly ready for new ideas.Bring your own concept. Growth option to offer catering and do events.

Reason for Selling:

No Longer wants to be in the Restaurant Business.

Additional Details:

  • The property is owned.
  • The owner is not 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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