Located near the border between West Orange County and Lake County lies this newly remodeled restaurant and bar. This location has been a restaurant for almost 40 years, however the current concept is a contemporary cuisine with craft cocktails and beer as well as wine. Seating over 200 both indoors and outdoors with Live music on the weekends.
So much opportunity awaits the new owner since the current owners are running this business mostly absentee. The cashflow reflects what a single owner will make working normal restaurant hours of 40-50 hrs per week.
$2MM in sales each year comes from being open only 6 days a week for Dinner and then 2 days for Brunch on the weekends.
A full Confidential Business Review is available that highlights all the potential and glory of this restaurant and lounge. Contact Sunbelt Business Brokers of Orlando and Franco Ferrari today to receive NDA & Buyer Profile.
Financial Information
$525,000
Asking Price
$200,994
Cash Flow
$2,331,712
Gross Revenue
$525,000
Down Payment
Business Location
City:
Orlando
State:Florida
Reason for Sale
Retirement
Detailed information
Year Established:39
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 18
Part-Time Employees:22
Contractors:N/A
Owner Worked Hours/w:45
Inventory Included: Yes
Inventory Value:
$30,000
Monthly Rent:
$9,413
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
$0
Building Size: 6210
FF&E Included?: Yes
FF&E Value: $300,000
Training/Support
Seller will train new buyer for 2 weeks
Facilities
Assets include (in addition to FF&E and inventory amounts from above) Leasehold improvements of $200,000...Totaling over $530,000 of assets included in the purchase price.