Listing Number: 7101-351721
Description
A popular and successful restaurant in New Smyrna Beach, Florida, has been thriving for six years, renowned for its excellent service, inviting atmosphere, and freshly made food from its from-scratch kitchen. The team, with a combined 35 years of experience in cooking and restaurant operations, ensures that every order is made fresh. The restaurant is currently run by the seller, who works 30-40 hours per week managing, banking, accounting, specials, and scheduling. With an experienced staff in place, a smooth transition for new ownership is assured. Located half a block from 400 apartments, the business benefits from a steady flow of customers. The asking price includes $1,036,000 of real estate, so the lender is offering a full 25 year amortization! The financials do not account for occupancy.
Listing Details
- Price: $ 2,100,000
- Down Payment: $233,000
- Sellers Discretionary Earnings: $ 531,432
- Total Sales: $ 3,040,581
- Location: Volusia County, Florida
- Inventory: $ 20,000
- FF&E: $ 100,000
- Employees:
- Year Established: 2018
- Reason for Selling: Other Business Interests
- Category: Restaurants
