Profitable Central Florida Steakhouse

Not Disclosed, FL
Seminole County

Central Florida


Asking Price: Annual Revenue:
$320,000 $1,233,533

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Central Florida Steakhouse Broker: Bradley Carpenter
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $320,000
Annual Revenue: $1,233,533
Net Profit: Not Disclosed
Cash Flow: $79,026
Total Debt: Not Disclosed
FF&E: $57,500
Real Estate: Not Disclosed
Year Established: 1992
Employees: 24
BBN Listing #: 464245422
Broker Reference #: 409-02197

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Business Overview:

38 yr. old Steakhouse that enjoys great following. Original owner supporting growing number of local patrons serving the best choice meats at moderate prices. This is a turn-key facility with dedicated long term employees and limited engaged owner. 175 capacity Restaurant offers a full service bar and ample seating to full capacity crowds in recent weeks on weekends. After a 2-year delay in construction, 6-lane Hwy expansion fronting business is finally nearing completion. Active residential and commercial projects nearby is allowing restaurant in recent months to experience strong patron demand, especially for evening dinning. The pending relaxing of Covid fears and pending completion of Hwy expansion should only further improve operating results. This is the restaurant of choice for many area consumers with many noted awards. Economics are tax return based. Building is available for lease or purchase. Lender Prequalified.

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Property Features and Assets:

4,500 Square Feet building located on approximately 1 acre- Approved for 175 patrons. Includes full bar sit down bar and supporting tables. Furnished in open family style setting. Inventory of $20,000 is included as well as FF&E valued at $57,500.

Market Competition and Expansion:

Subject is one of the few moderately priced Steakhouses in region and has been a popular area destination for many years. Hwy expansion over the past 4 years has negatively impacted restaurant access and performance that is finally expected to be completed by early 2021. Active residential housing and commercial development is ongoing nearby that should spur additional patron following notwithstanding easing of Covid fears. This is evident by recent weekend dinning that is at or near capacity. Area redevelopment efforts by County should further enhance desirability of experience.

Reason for Selling:

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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