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(not a typo); 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. Only open 4 days a week for roughly 4 hours in the evening, there is immediate growth with increased operating hours and days.
The owner is retiring from the restaurant industry. He is willing to help with the transfer and for a well-qualified buyer, entertain some seller financing. The restaurant is being offered at the asking price of $900,000.
*The Gross Revenue and Cashflow reported is an annualized representation of January – March 31, 2021 financials.
Asking Price: $700,000
Gross Income: 765,072
Cash Flow: $423,876
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.