Listing ID: 73625
If you have ever wanted to own your own business on the BEACH, look no further! All of the hard work and time has been done for you. This is an AMAZING opportunity to own and operate these SUCCESSFUL, EXCITING and PROFITABLE RESTAURANT/BARS. This location is VERY RARY and does not come available often. Financials below are from March 1st for both locations and for ONLY partial year.
Located on the FAMOUS Clearwater Beach, this Restaurant/Bar FEATURES a FULL LIQUOR LICENSE (4COP SFS) and can serve till 3AM. It BOASTs a beautifull and professionall buildout with a full bar and fully functional kitchen. GORGEOUS & CLASSY !!! Not to mention that the food is DELICIOUS.
Established in 2021 and has indoor and outdoor seating for approximately 150. High end acoustic system, with 15 TV’s including video wall. Set up for Live & DJ Entertainment. Square footage of approximately 3500, with rent of $6,500 per month, 9 years left on the lease with a 10 year option.
There wil be a 5% monthly fee to continue to use the name as the seller has a second location. Or you can change the name and concept with no additional fees.
This one will not last at this price with this location.
*** SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION TO THE RIGHT TO RECEIVE THE NON-DISCLOSURE***
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: $799,000
- Cash Flow: $362,378
- Gross Revenue: $1,011,992
- EBITDA: N/A
- FF&E: $195,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
Beautiful professional buildout. Fully functional kitchen. Indoor and outdoor seating. State of the art sound system
14 days at no cost to buyer
Relocating out of the Country
Beach location, heavy tourist location.
Open longer hours and do more catering and events
The business was started in 2021, making the business 1 years old.
The sale will include inventory valued at $20,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. Nevertheless, the true reason vs the one they tell you might be 2 entirely different things. As an example, they might say "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a variety of other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, but instead, make use of the seller's solution combined with your general due diligence. This will repaint an extra reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans in order to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that profit margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new consumers? Many times, operating businesses have repeat consumers, which form the core of their day-to-day revenues. Specific aspects such as new competitors growing up around the location, road building and construction, and employee turn over can impact repeat customers and negatively influence future profits. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the opportunity to build a returning client base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood average home earnings influence future income potential?