Popular Seafood Restaurant
Melbourne, FL Brevard County
Outparcel
Seller's Contact Information
- RE: Popular Seafood Restaurant
- Contact: Brad Carpenter
Quick Facts
| Asking Price: | $1,400,000 | |
| Annual Revenue: | $2,680,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $494,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 45 | |
| BBN Listing #: | 773845422 | |
| Broker Reference #: | 409-02286 |
Business Overview:
This is a unique opportunity to purchase an extremely popular and long-standing seafood-oriented restaurant in Brevard County, FL Serving time proven dishes with an emphasis on quality at an affordable cost. Unique outparcel location with great traffic counts. Building can be leased or purchased. Continued improvements have kept restaurant fresh and upbeat.
Restaurant was previously part of public chain but has no required fees and enjoys exclusive and sole territorial and trade name rights in Brevard and Indian River Counties. Great location that serves both families, business professionals and retirees, many who are repeat and loyal customers. Includes full liquor bar and approved seating for 200 patrons.
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Property Features and Assets:
Oriented as an outparcel to a larger retail center. Enjoys direct Highway frontage that enjoys over 50,000 vehicle counts daily. Assets includes all restaurant equipment, kitchen floor recently tiled, reupholstered booths and chairs. Building has been freshly painted and updated. Building can be purchased at $2,200,000 or leased at $12,000 per month plus property taxes.
Market Competition and Expansion:
Within short distance from subject there are a number of popular national chains offering breakfast, fast food and dinners. Restaurant has earned a large loyal following and also includes drive by area shoppers and some tourists, but emphasis is on local population that continues to increase. Under terms of a legal settlement, a new owner has exclusive and sole rights to expand to another location in Brevard and neighboring Indian River County to the south.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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