Listing ID: 73601
SELLER FINANCING AVAILABLE WITH ONLY $299,000 DOWN.
LOCATION ! LOCATION ! LOCATION !
RARE opportunity to purchase a PROFITABLE RESTAURANT & BAR in the POPULAR coastal town of Dunedin, Florida. Established restaurant/bar that is LOVED by the tourists and also has a very Strong local following. Serving amazing food in an atmosphere with a great vibe.
Located in a very HIGH VISIBILITY area with lots of foot traffic. Indoor and outdoor seating with a well quipped kitchen and FULL LIQUOR BAR (4cop SFS liquor license.
Steady increase in sales with much more growth potential For a motivated hands on owner operator. All staff in place. Amazing social media reviews.
This is a GEM in the community and an opportunity that will not last.
Numbers based on 2021 POS sales.
SELLER WILL SHOW FINANCIALS TO A SERIOUS BUYER ONLY. MUST SHOW PROOF OF FUNDS PRIOR TO RELEASING INFO.
*** SUBMIT YOUR INFORMATION THRU THE CONTACT SELLER SECTION***
We will not release any information unless there is a Non-disclosure signed with proof of funds. No Exceptions.
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: $599,000
- Cash Flow: $334,811
- Gross Revenue: $1,363,489
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,500
- Lot Size:N/A
- Total Number of Employees:20
- Furniture, Fixtures and Equipment:N/A
Beautiful build out, fully functional kitchen, full bar. Indoor and outdoor seating.
2 weeks at no cost to buyer
Other business interests
The venture was established in 2018, making the business 4 years old.
The sale shall include inventory valued at $1,000, which is included in the asking price.
The company has 20 employees and is located in a building with approx. square footage of 3,500 sq ft.
The real estate is leased by the business for $9,487 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. Nevertheless, the real reason vs the one they say to you may be 2 totally different things. As an example, they may claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in profits, or a range of other reasons. This is why it is really crucial that you not count totally on a seller's word, however rather, utilize the seller's solution in conjunction with your overall due diligence. This will repaint a much more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover things like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that earnings margins are too small. Lots of 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 think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new clients? Most times, companies have repeat clients, which create the core of their daily revenues. Certain aspects such as brand-new competitors growing up around the location, road construction, and also employee turn over can influence repeat customers and also negatively influence future profits. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the better the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local mean home earnings effect future income prospects?