1033-12756 Sports Bar & Steak Restaurant

Undisclosed Address, Florida
Business Opportunity for Sale
Catylist Listing ID: 30040314
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $1,775,000
Franchised Business: Yes
Year Business Established: 2006
Gross Revenue: $3,013,908 (Annual)
Cash Flow: $479,934 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

Fun 10 year old Sports Bar & Restaurant - Dinner only Franchise for sale with Real Estate included. Usually packs out the 220 seats/110 parking spots nightly. 4 CRX liquor. Strong financials/Finance-able. Camera system, computers, half million in FF&E and upgrades included. Many employees here 5-7 years. $75 to $85K/per week in season & $50-$55K/week out of season. Great area reputation – Fun, Family, Food.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Reaching retirement age.
Value of Inventory Included ($): $12,000
Value of Furniture, Fixtures, and Equipment ($): $500,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $750,000
Real Estate Lease Description: Real Estate is included in this sale.
Employee/Labor Description: 35 FT. Mon-Thurs 4pm-10pm; Fri-Sat.4-10:30; Sun 12-9:30.
Mgmt/Training Support Description: Will train for 3 weeks @ no cost. Restaurant management experience necessary.
Competition/Market Description: No real competition in the area comes close.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,688 16,183
Median Age: 51.31 44.56
Households: 2,735 6,282
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