Business For Sale

Iconic Restaurant with Prime Real Estate

Englewood, FL
Sarasota County

Asking Price: Annual Revenue:
$2,000,000 $2,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Iconic Restaurant with Prime Real Estate Broker: Denis Burke

Quick Facts

Asking Price: $2,000,000
Annual Revenue: $2,000,000
Net Profit: Not Disclosed
Cash Flow: $323,000
Total Debt: Not Disclosed
FF&E: $400,000
Real Estate: $1,620,000
Year Established: 1988
Employees: 60
BBN Listing #: 628945879
Broker Reference #: DB101WRL

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Business Overview:



This is a UNIQUE ONE OF A KIND American Family Style Restaurant with European influences: "A true Diamond in the Rough."The restaurant is an icon in the community after 30 years in business.Zoned CG.Keep "AS IS" and grow to $3 million+ Revenue.However,the highest and best use may not be as a Restaurant due to the significant amount of development in the area.The Restaurant sits on 1.37 acres of level ground. Some of the many other possibilities include a branded hotel like Holiday Inn Express, Sleep Inn, La Quinta OR as a Strip Center with 2 to 3 stories of Office or Residential Condos or Apartments overhead. The Investment potential is endless.The Business and property is convenient to the New Atlanta Braves Winter Training facilities. The Restaurant and Real Estate MUST be sold together. An SBA Pre-Approved Loan of $1.83 million is in place for qualified Buyers. Expect to have available funds of $375,000 to $500,000+ in Liquid Cash,401 K or SEP IRA to get the this deal done! SBA requires Buyers to put 15% DOWN.
To avoid wasting everyone's time,SELLERS REQUEST PROOF OF FUNDS and FINANCIAL VERIFICATION prior to receiving information or viewing the Restaurant.If you wish to get Loan Pre-Approval in Advance,call Lisa Felice at Superior Comm Fund

SERIOUS RESTAURANT BUYERS, INVESTORS & DEVELOPERS may contact the Broker directly: Denis Burke.

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Property Features and Assets:

The Building is 9,900 square feet+/- with Full Liquor Bar and Banquet-Event Room. The Restaurant can seat over 300 people.High visibility and high traffic on major road.

Market Competition and Expansion:

Marketplace competition is normal for an American family Style Restaurant. Increase the Catering & Deliveries.Also,pursue the Wedding,Banquet & Corporate Event sector more aggressively.

Reason for Selling:

Sellers want to Retire after 30+ years in the Indu

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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