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100% Turnkey Waterfront Restaurant
Restaurants & Food Businesses for Sale
- Primary Industry: Other Restaurants & Food
This restaurant is designed to be managed by an absentee owner, if desired. There are two general managers in place and a fully established staff. The purchase price is reflective of the seller's commitment and efforts in transforming this business with leasehold expenses, encompassing enhancements to the property, equipment, buildings, and landscaping, resulting in the establishment of a fully operational fine dining waterfront venue. There is no additional work, or sweat equity needed from you. The seller’s investment has positioned this turn-key business for a new owner to assume leadership immediately. An expenditure of approximately $1,100,000 has transformed this restaurant into the stunning waterfront establishment it is today. The property's estimated value stands at $3,500,000 as of December 2023.
Financial Information
- $4,500,000 Asking Price
- N/A Cash Flow
- $3,400,000 Gross Revenue
- $4,500,000 Down Payment
Business Location
- City: Gulf Coast
- State: Florida
Reason for Sale
- Scaling down for Retirement
Detailed information
- Year Established: 2021
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: 5
- Adjusted EBITDA: N/A
- Inventory Included: Yes
- Inventory Value: $20,000
- Monthly Rent: N/A
- Real Estate Available: Yes
- Real Estate Included: Yes
- Real Estate Value: $3,500,000
- FF&E Included?: Yes
- FF&E Value: $283,583
Training/Support
- The current owner is willing to give 30 days transition training to new owner to ensure successful transfer of business.
Market Outlook/Competition
- This restaurant is nestled along the tranquil Gulf Coast, an ideal location for waterfront businesses, notably restaurants. This sets the stage for a truly picturesque dining setting and more. The inviting atmosphere is further heightened by a sense of community and relaxation, making it a highly sought after destination for those seeking a waterfront dining experience. It truly is a must see!
Real State Description
- Information provided upon executed NDA.
Business Listed by
Jason Brooks
Sunbelt of NaplesNAPFL001-54562
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