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, serving family portioned Italian cuisine is positioned well for an operator to step in and continue to make money. Located near a luxury golf course in an affluent community, the restaurant caters to locals, as well as visitors to the nearby Resort and golf course.
The major selling points include the location and 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 the head chef and 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 $1,200,000.
Asking Price: $1,200,000
Gross Income: $728,863
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.