Restaurant w/ R.E. in Waterfront Dining District

Not Disclosed, FL
Martin County

Asking Price: Annual Revenue:
$695,000 $800,715

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant w/ R.E. in Waterfront Dining District Broker: Bob Leone

Quick Facts

Asking Price: $695,000
Annual Revenue: $800,715
Net Profit: Not Disclosed
Cash Flow: $125,814
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: $500,000
Year Established: 2004
Employees: 10
BBN Listing #: 30911185
Broker Reference #: 170-08455

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Business Overview:

Located in a waterfront community & dining district, this Breakfast, Lunch & Dinner Restaurant (dinner service stopped in July 2019) has been home to locals and tourists alike for many years. The owners purchased the property in 2004 and over the last 17 years have built a thriving restaurant. They have grown the business, expanded the building, and added the adjacent property. In 2008 the 40' X 35' patio was added and in 2013 the building was extended with an 18X18 addition - all to Dade County hurricane standards, giving the restaurant 36 indoor seats and 32+ outdoor patio seats. In 2016 natural gas was hooked up and all new cooking equipment purchased. Two new AC units were added in 2020. With all these improvements the restaurant is positioned for continued growth. Covid has forced a change in the way they did business, and like many other hospitality businesses, it has proven positive. Inside dining as of this writing is still not open, but patio seating and curbside pickup are proving to be successful. Square POS system and online ordering are in place. The crew can run the restaurant whether the owner is there or not. The owner chooses to be hands-on and highly visible but is primarily an administrator and facilitator. Ways to increase business: reopen for dinner, serve beer and wine, add a social media presence with push notifications, upgrade the website and increase the SEO, add off-premises catering, and address food cost and menu pricing. 2021 reports showing return to pre-pandemic numbers. We have a great Confidential Business Review prepared for qualified buyers; to get a copy of that report the buyer must first submit a PFS (Personal Financial Statement) and resume/bio.

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Property Features and Assets:

Inventory: $3,500 (included in the asking price). Building Type: Stand alone. Square Footage: 1,000. Leasehold: $150,000.

Reason for Selling:

Semi Retirement.

Additional Details:

  • The property is owned.
  • 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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