Listing ID: 73493
***SELLER FINANCING AVAILABLE*** REAL ESTATE INCLUDED !!!
To a qualified buyer with $150,000 down, remainder over 120 months at 6% interest.
OWN A PIECE OF BEAUTIFUL PINELLAS COUNTY FLORIDA. THESE OPPORTUNITIES DO NOT COME BY OFTEN.
KEEP THE CONCEPT THE SAME OR CHANGE IT TO YOUR LIKING.
SALES HAVE INCREASED ANNUALLY AND THRIVED DURING COVID !!! keep the concept the same or change it to your liking.
This old Florida style, seafood retailer and restaurant business with unique twist has been a prominent icon within Pinellas County for over 40 years and in its new location for approximately 13 years.
Free standing building with outdoor deck and limited indoor seating. Fully equipped with seafood coolers, UNOX chef, pellet smoker, Walk in freezer, walk in cooler, 2 ice machines And more..
Serving Locally caught seafood (fish, crab, oysters, shrimp and more) from the Gulf and Atlantic Coasts. Smoked meats, grouper sandwiches, chicken, hamburgers, fired shrimp and more served daily and prepared for catering. HUGE takeout business! And also carries a beer and wine license.
Seller willing to stay on for 30 days at no cost to buyer for a smooth transition and will teach you everything!!!
He is also willing to stay on after the free 30 days part time paired or as a consultant paid. He really loves this business but would like to retire and take it easy. He is ready to pass this on to someone with the same PASSION.
Please fill out the contact form to receive the Non-disclosure
*** CALL GEORGE ANTONAKLAS TODAY 727-458-5565!!!
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $500,000
- Cash Flow: $131,277
- Gross Revenue: $893,955
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $6,000
- Inventory Included: Yes
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Stand alone building with 9 parking spaces. Fully equipped Total land size is 9,935 sq ft +/-
30 days at no cost to buyer
Very little in the area. One of a kind
The business was founded in 2007, making the business 15 years old.
The transaction will include inventory valued at $6,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. Nonetheless, the real factor and the one they tell you might be 2 absolutely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a range of various other reasons. This is why it is very vital that you not depend totally on a seller's word, however instead, make use of the seller's solution combined with your total due diligence. This will repaint a much more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover things like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that profit margins are too thin. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new customers? Most times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Particular aspects such as brand-new competition growing up around the location, road building and construction, and employee turnover can affect repeat customers and also adversely influence future revenues. One crucial thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to construct a returning consumer base. A last idea is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the local mean family earnings influence future revenue prospects?