Company Overview
NW Florida
This restaurant & bar with full liquor license which has been in continuous operation for over 25 yrs. This turnkey business benefits from very low rent compared to nearby establishments and is situated in the area’s premier shopping and dining district with high traffic.
Here are some key highlights:
- Consistent sales w/ strong cash flow
- Trained staff with FOH & BOH management in-place
- Long-term lease w/ rent rate below market value
- Spacious facility incl. 2-dining rooms & bar with table top seating; accommodating a total of 172 guests
- A covered outdoor seating area with Gazebo, providing space for 36 patrons
- Excellent books and financial records
- Casual upscale with repeat clientele
This is an exceptional opportunity to acquire a successful restaurant known for its prime location, strong reputation and consistent performance. It offers immediate cash flow in a desirable demographic area and is priced attractively at $495,000.
General Information
Year Established: 1999
Employees: 10 F/T; 19 P/T
Facilities: The restaurant occupies approx.3,175 sq. ft., in a strip center that offers ample parking. The facility includes a fully equipped kitchen and the 2nd dining area can be easily closed off for special events & private parties.
Financing: This will business will qualify for funding by a national SBA lender.
Market Outlook
Competition: While the restaurant operates within a prime shopping and dining area and therefore experiences competition, its established presence and favorable location provide significant advantage.
Growth/Expansion: Currently operating for lunch, dinner & Sunday brunch, the business has untapped potential. The separate event space is underutilized, and the new owner could easily introduce catering services and open for breakfast.
About the Sale
Training: The seller will provide sufficient training to ensure a smooth transition at no charge.
Reason for Selling: The owner is selling due to health-related issues.
Financial Summary
Asking Price: $495,000
Revenue: $1,485,000
Cash Flow: $171,000
Inventory: $25,750 (included in sale)
FF&E: $45,400 (included in sale)