Waterfront Downtown Restaurant For Sale

Not Disclosed, FL
Martin County

Asking Price: Annual Revenue:
$1,500,000 $2,920,357

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Waterfront Downtown Restaurant For Sale Broker: John Devries
Owner Financing is Available!
Loan/Other - Amount: $1,350,000; Months: 120; Rate: 8.00% Monthly Payment: $16,379.23

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $2,920,357
Net Profit: Not Disclosed
Cash Flow: $532,163
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 20
BBN Listing #: 5946630
Broker Reference #: 7301223625

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Business Overview:

This waterfront downtown restaurant is the talk of the town! The restaurant is located in the heart of a highly desirable affluent waterfront community, this newly renovated 8,000 Square Feet restaurant has it all! When you enter this restaurant you will feel that relaxed Florida Key West style ambiance, with a back wall of sliding glass doors that can open to feel that great ocean air or closed during inclement weather, still shows off the beautiful water views. A brand new bar inside gives breathtaking views of the water and a relaxed ambiance. Everyone will enjoy that Florida lifestyle we all love. The restaurant's seats for about two hundred inside and another fifty outside. There is a unique private downstairs Bar literally that steps from the water! With sales of $3 million per year and a net profit over $500,000, this restaurant is the best deal in Florida. A must see! Please REFER TO LISTING 7301223625, Business Broker John Devries when you inquiry about this listing.

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Property Features and Assets:

Lease/Month: $19,369; Square Footage: 8,000; Building Type: stand alone; Terms & Options: 10 year option; Expiration Date: 1/1/2028.

Market Competition and Expansion:

Non Compete : Miles: 2 Years: 2

Reason for Selling:

Other Interests.

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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