Popular small restaurant for sale on prestigious Anna Maria Island. Across from Sarasota FL. Carry-out and dine-in. Let the business pay you a nice consistent living while you/family afford to live on island ocean joy. Solid long-term lease in place. Strong management in place. Often lines of customers waiting to get in. Average over $2M GS, sometimes 70K sales/wk. Net over 10K/wk. Over $150K in brand new furniture/equipment included. Totally different peaceful island vibe; various well-known sports/Hollywood/music celebrities own homes on the island. Live & work vibe of the ocean while business pays your expenses. This business will not SBA. Seller will not owner-finance over 250K. Solid documentation of operations available in due diligence. Requires large buyer deposit. Confidential + Financial required before receiving data package.
- Asking Price:
- $1,250,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,031,406
- Cash Flow:
- $581,309
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Good business location on the Island.
Business Operation
- Expansion Potential:
-
Still growing a little each month.
- Competition / Market:
-
No real competition on the entire island. Franchises prohibited from locating on island. Must be authentic restaurants.
- Reasons for selling:
-
Some health issues needing more attention.
- Trading hours:
-
Mon-Thurs 10am-12am; Fri-Sun 10am-1am
- Employees:
- 9 FT/6 PT
- Years established:
- 9
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$1M down/$250K over 12 mos. @ 5%.
- Furniture / Fixtures value:
- $150,000 - included in the asking price
- Inventory / Stock value:
- $3,000 - included in the asking price
