Waterfront Restaurant Newly Renovated.

Not Disclosed, FL
Martin County

Asking Price: Annual Revenue:
$1,500,000 $3,103,078

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Waterfront Restaurant Newly Renovated. Broker: John Devries
Owner Financing is Available!
Loan/Seller - Amt: $150,000 Mos: 60 Rate: 6.00 Mo Pmt: $2,899.92. Loan/Other - Amt: $1,200,000 Mos: 120 Rate: 6.00 Mo Pmt: $13,322.46.

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $3,103,078
Net Profit: Not Disclosed
Cash Flow: $448,972
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 18
BBN Listing #: 6338630
Broker Reference #: 7301590509

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Business Overview:

This Waterfront Downtown Restaurant is the talk of the town! Located in the heart of a highly desirable affluent waterfront community, this Newly Renovated 11,000 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 and a relaxed ambiance lets everyone enjoy that Florida lifestyle we all love and enjoy! They have seating for 200 inside and another 50 outside at a unique private upstairs Bar with beautiful water views! With sales of $3mm plus per year, this restaurant is the best deal in Florida! Please refer to listing number 7301590509 and advisor John Devries when inquiring.

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Property Features and Assets:

Lease/Month: $27,613; Square Footage: 10,960; Building Type: Plaza; Terms & Options: 10 year option; Expiration Date: 5/30/2029.

Market Competition and Expansion:

Non Compete: Miles: 2 Years: 2.

Reason for Selling:

Other Interest.

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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