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.
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value: $3,500,000.00
Real Estate Description:
Information provided upon executed NDA.
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Owner worked hours per week: 5
Market 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!
