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Business Listing
| Listing No: | 93700565 |
|---|---|
| Category: | Liquor Related Business: Bar/Restaurant |
| Description: | Restaurant/Lounge-Indoor/Outdoor seating. |
Business Details
| Revenues: | $1,373,826 |
|---|---|
| Adjusted Cash Flow: | $160,327 |
| Selling Price: | $770,000 |
| Down Payment: | $770,000 |
| General Location: | Fort Myers ($250K down payment for quailified buyers) |
Executive Summary
The Restaurant is located in South Lee County, Florida. The U.S. Census ranks Lee County among the 100 fastest growing counties in the nation. The Restaurant is run semi-absentee. The owner will sign a Non-Compete Agreement for 3 years and 10 miles, but they will exclude a small take-out restaurant on Sanibel. The Restaurant offers a full-service dining room, cocktail lounge, outside bar and outside seating. It seats a total of approximately 270. They have a SRX Liquor License. Over the years, the bar section has become a semi-sports bar. On Saturdays, they host the Ohio State Football Club and on Sundays theyhost to the New England Patriots Fan Club, which is a great source of revenue.Thereis lots of parking around the building and it is located on a major highway.Approximately 20,000 vehicles pass by the property on a daily basis. The "other" on tax return is the salary of one of the managers. FOR A QUALIFIED BUYER, SELLER WILL CARRY A NOTE.($250K DOWN) They have just remodeled the restaurant to make it a family style sports bar.
Last revision: 3/30/2009 15:46:00 PM