Business Summary:
A vibrant, growing waterfront casual bar and restaurant. The outdoor patio is the perfect place to relax and unwind and enjoy the best sunsets! Great food, friendly staff and outstanding service in a relaxing environment offering entertainment every weekend. Indoor and outdoor seating is provided to suit every customer s preferences. The family atmosphere becomes more party-like as the evening progresses. A vibrant, growing waterfront casual bar and restaurant. The outdoor patio is the perfect place to relax and unwind and enjoy the best sunsets! Great food, friendly staff and outstanding service in a relaxing environment offering entertainment every weekend. Indoor and outdoor seating is provided to suit every customer s preferences. The family atmosphere becomes more party-like as the evening progresses. The asking price for the assets of the business including inventory at cost of $14,000 and all FFE (Furniture, Fixtures & Equipment) valued at $300,000 is $525,000 ALL-CASH or $750,000 with $250k down payment and financing to qualified buyer . The purchaser will need to assume dishwasher lease ~$150/mo incl maint/supplies. The seller prefers ALL-CASH.
.
|
|
|
| |
|
| Year
Business was Established: 2007 |
| |
|
| Number of Employees:
15 ft |
|
| |
|
| Facilities / Terms of Lease:
The facility seats 140 indoors and 160 outdoors. The ~3600 SF high visibility space is leased for a monthly rent of $12,000 + 2544 NNN + 6% of any annual sales in excess of $2.4 Million. Security deposit is $14,544. The lease expires approximately September 31 2012 with 5 year market renewal option. |
|
| |
|
| Potential
Growth/Expansion:
This is a strong, proven location with excellent potential. A new owner can continue to grow the business and profits in several ways: Continue improving menu Add billboard on major highways Direct mail surrounding neighborhoods using mail list Local advertising and marketing Target market boating community |
|
| |
|
| Owner
willing to finance:
Yes but owner prefers ALL-CASH |
|
| |
|
| Owner
willing to train:
The seller wishes to ensure a seamless transition with a purchaser. He will train a buyer for 2 weeks included in the purchase price. The seller is willing to remain for a longer period of time, if desired by a purchaser, at mutually agreed compensation. |
|
| |
|
| Reason for selling:
Relocation out of state |
|
| |
|
Seller Reference Number: 19326
BusinessMart.com Listing Number: 70908 |
|
|
To request more information
on this business
please fill out the form shown right 
|
