Savory Steak & Fresh Seafood Restaurant

Not Disclosed, FL
Polk County

Polk County

Asking Price: Annual Revenue:
$1,999,000 $2,799,051

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Savory Steak & Fresh Seafood Restaurant Broker: Dan Gore

Quick Facts

Asking Price: $1,999,000
Annual Revenue: $2,799,051
Net Profit: Not Disclosed
Cash Flow: $787,562
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: $1,100,000
Year Established: 2006
Employees: 37
BBN Listing #: 56614955
Broker Reference #: 1033-14604

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Business Overview:

Newly remodeled Steak Restaurant & Bar + Real Estate for Sale on major hwy. 1 acre. 6000 sq. ft., 160 seats, 4 COP, 35 employees, 12 yr. business, 70 parking spots + overflow, 2 managers, owner works 15 to 20 hrs./wk. The '18 tax return artificially low because of fire & remodel in early '18, & closed for 4 months. Owner added $400K in renovations which then added additional $30K sales per month onward. $580K average adjusted Net is fairly solid after remodel. Tax returns, clean new facility. Property value over $1M. SBA debt service less than rent would be. Could add breakfast or increase hours open. Price has been reduced to sell. Local customer base staying loyal & continue to frequent during COVID.

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Property Features and Assets:

1 acres. 6,000 square feet. Off of major highway and next to a hotel. Total Assets: $1,835,000

Market Competition and Expansion:

The area population continues to grow. New owner may do well to expand daily hours or even add a breakfast in this spot.

Reason for Selling:

Moving family back to Greece.

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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