Nets $234K - Very Popular Restaurant For Sale In Clearwater, Florida

1961

Step 1. Read Description of Business.

Description:

THIS AMAZING RESTAURANT SCREAMS HIGH END! NOT ONE SQUARE INCH, NOR ONE DETAIL, WAS OVER LOOKED DURING THIS $1 MILLION BUIDLDOUT! WITH A NEARLY 5 STAR REVIEW ON GOOGLE, THIS PLACE SHINES HIGH ABOVE ANYTHING SIMILAR OUT THERE! THE EXCELLENT DECOR IS VERY CONTEMPORARY & SOPHISTICATED. THEY'RE EXTREMELY FRESH, AND EXCELLENTLY PREPARED SURF AND TURF WILL KEEP THE COSTUMERS COMING BACK! NUMEROUS AWARDS DON'T DO THIS PLACE JUSTICE, LOCATED ON AN EXTREMELY BUSY ROAD, W/ GREAT DEMOGRAPHICS!

2013 Profit & Loss:

Gross Sales $1,426,223
Cost of Goods $508,380
Gross Profit $917,843
Expenses $683,776

Net $234,067

Lease Information:
$10,256 Monthly
Expires Jan. 24th, 2016. Three x 5 year options.
4500 square feet

Assets Included:

FF&E $381K
Leasehold $500K
** Inventory of $27,500 is NOT included. **

Seller Financing Available:
$350K down payment
$195K note, 60 months @ 6% interest. Monthly payment $3769.90

Step 2. Certify that you have the required experience and liquid down payment needed to inquire and possibly purchase this business. At full asking price and seller financing offered, you will need at minimum the following to purchase this business:

- $400,000 Liquid Funds for your Purchase of the Business
- $30,000 +/- for your deposits, initial working capital
- Experience in Restaurant Business for Landlord Approval of Lease Transfer

** NOTE. By inquiring on this listing to broker, you are certifying you posses all of the above. All inquires will require a signed non disclosure agreement, financial statement and proof of identification to schedule a showing and/or receive any further information other than which is provided in Step 1 above. **

Step 3. After reading description and certifying your minimum requirements to purchase, complete the schedule a showing request found on the left hand side of this page. Upon receipt by Realtec Business Brokers, the listing agent will contact you to send you a Non Disclosure Agreement and confirm your showing.

Thank you.