DOWNTOWN RESTAURANT

Undisclosed Address, Sarasota, FL 34236
Business Opportunity for Sale
Catylist Listing ID: 30224576
Property Subtypes: Food and Beverage
Building Size (RSF): 2,870 SF
Sale Price: $599,000
Name of Establishment: Condfidential
Year Business Established: 2012
Gross Revenue: $1,250,000 (Annual)
Cash Flow: $250,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to Seller. Some Seller financing available to qualified buyer(s)
Last Updated: 8/6/2018

Overview / Comments

NON-DISCLOSURE AGREEMENT REQUIRED. Highly acclaimed downtown restaurant for sale. Profitable operation. Excellent lease in place. Stellar location. Owners have decided to focus attention elsewhere, and are highly motivated. Seller will execute a non-compete if Buyer elects to continue operation as is. 150 seats with SRX liquor license. Square footage does not include outdoor patio seating for approx 40 guests.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owners want to focus attention on new projects
Value of Inventory Included ($): $4,500
Value of Furniture, Fixtures, and Equipment ($): $150,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Current lease expires 2/2/2023. 2-3 year options to renew. Current rent, including CAM at $5,668.00 per month.
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