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Restaurant With Real Estate In Waterfront Dining District For Sale

Martin County, Florida, US
Asking Price:
$750,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$587,756
Cash Flow:
$95,586

Located in a waterfront community & dining district, this Breakfast, Lunch & Dinner Restaurant (dinner service stopped in July 2019) has been home to locals and tourists alike for many years. The owners purchased the property in 2004 and over the last 17 years have built a thriving restaurant. They have grown the business, expanded the building, and added the adjacent property. In 2008 the 40' X 35' patio was added and in 2013 the building was extended with an 18X18 addition - all to Dade County hurricane standards, giving the restaurant 36 indoor seats and 32+ outdoor patio seats. In 2016 natural gas was hooked up and all new cooking equipment purchased. Two new AC units were added in 2020. With all these improvements the restaurant is positioned for continued growth. Covid has forced a change in the way they did business, and like many other hospitality businesses, it has proven positive. Inside dining as of this writing is still not open, but patio seating and curbside pickup are proving to be successful. Square POS system and online ordering are in place. The crew can run the restaurant whether the owner is there or not. The owner chooses to be hands-on and highly visible but is primarily an administrator and facilitator. Ways to increase business: reopen for dinner, serve beer and wine, add a social media presence with push notifications, upgrade the website and increase the SEO, add off-premises catering, and address food cost and menu pricing. We have a great Confidential Business Review prepared for qualified buyers; to get a copy of that report the buyer must first submit a PFS (Personal Financial Statement) and resume/bio.
1st Qtr 2021 reports showing return to pre-pandemic numbers. Sellers discretionary earning for the three month period $32K.

Property Information

Real Estate:

Real Property Included

Location:

Southeast Florida / Treasure Coast / Martin County

Premises Details:

Real Estate: $600,000 (included in the asking price)
Building Type: Stand alone
Square Footage: 1,000
Leasehold: $150,000

Business Operation

Reasons for selling:

Semi Retirement

Trading hours:

7 days 6 AM - 4 PM

Employees:
8FT / 2PT
Years established:
17

Other Information

Support & training:

Seller will train Buyer for two weeks at no cost to Buyer

Furniture / Fixtures value:
$60,000 - included in the asking price
Inventory / Stock value:
$3,500 - included in the asking price

Contact Acquisition Experts, LLC

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