Seller Financing! Profitable Restaurant in Affluent Community
Industry: #12 Restaurant and Bar
An opportunity like this does not come around often. This 5-star restaurant is positioned well for continued success and future growth. Located in an affluent community, the restaurant caters to locals, as well as visitors to the nearby Resort and high-end golf course.
In addition to the location, a major selling point is the lease. The lease expires in six years with a six-year option to renew and a total rent of $900 a month; the landlord pays all utilities. There is tremendous growth potential and the margins on the food and drink are that much larger with the low overhead.
The owner is retiring from the restaurant industry. He is willing to help with the transfer and for a well-qualified buyer, entertain a down payment of $400,000, and finance the remaining at 7% over a negotiable term. The restaurant is being offered at the asking price of $900,000.
Asking Price: $900,000
Cash Flow: $414,706
FFE: $43,000 (Included in Price)
Reason For Sale:Seller is retiring from the food industry.
Training & Support:Training is available for a negotiated period of time.