Take advantage of this rare opportunity to own a newly built, 7,000 sq ft oceanside restaurant available as an asset sale. This prime location rarely becomes available! In 2023, the restaurant achieved gross sales exceeding $1.9 million and continues to deliver exceptional service and food in 2024. You have the flexibility to maintain the current concept or transform it into your own vision, with over 200 seats both indoors and outdoors. This turnkey establishment comes with seller financing options, including all goodwill, the restaurant’s name, contact information, and management. Ideal for an experienced buyer, this opportunity allows you to enter this multi-million dollar restaurant with minimal upfront investment.
- Asking Price:
- $399,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,794,364
- Cash Flow:
- Under $50K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Exp 2029 with 2x 10 year options
- Leasehold Rent:
-
$417,780 per annum
- Location:
-
Oceanfront location with views from the entire restaurant of the ocean. Located in a prime, well-known tourist and local area.
- Premises Details:
-
Over 2 million into build out and equipment
Business Operation
- Expansion Potential:
-
Numerous!!!!
- Competition / Market:
-
Destination area for restaurants and a night out
- Reasons for selling:
-
Retirement
- Trading hours:
-
Mon-Sun 3pm -10pm
- Years established:
- 2020
Other Information
- Support & training:
-
2 weeks
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
TBD
- Furniture / Fixtures value:
- $500,000 - included in the asking price
- Inventory / Stock value:
- $4,000 - included in the asking price
