Restaurant Completely Renovated

Not Disclosed, FL
Martin County

Asking Price: Annual Revenue:
$200,000 $501,987

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant Completely Renovated Broker: John Devries
Owner Financing is Available!
Loan/Seller - Amount: $100,000; Months: 60; Rate: 6.00% Monthly Payment: 1,933.28.

Quick Facts

Asking Price: $200,000
Annual Revenue: $501,987
Net Profit: $149,012
Cash Flow: $149,012
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2020
Employees: 7
BBN Listing #: 2795630
Broker Reference #: 7301375019

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Business Overview:

PRICE REDUCED Located in Prestigious Martin County, near downtown Stuart and close to the Ocean. This restaurant offers High End, Quality Steak & Seafood at an affordable price. Located in a well-known plaza with ample parking this restaurant was completely renovated new kitchen, new plumbing, new Bar and completely updated from top to bottom. With inside and outside seating for 74 and a brand new reclaimed Mahogany Bar, they offer a quaint, comfortable environment with a relaxed atmosphere. The first year's revenue is on track to exceed $500k. With seller financing available, Don't Miss This Opportunity! Please refer to listing 7301375019, Business Broker John Devries when you inquire about this listing.

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Property Features and Assets:

Lease/Month: $3,500; Square Footage: 1,500; Building Type: Plaza; Terms & Options: 5 Year option; Expiration Date: 6/1/2025.

Market Competition and Expansion:

Non Compete : Miles: 2 Years: 1

Reason for Selling:

Other Interests.

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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