Busy Restaurant with Real Estate - Excellent Location!
Palm Bay, FL
| Asking Price: | $1,495,000 |
| Gross Revenue: | $1,025,694 |
| EBITDA: | $275,266 |
| Real Estate: | $1,200,000 |
| Cash Flow: | $235,985 |
| Inventory: | $25,000 |
| FF&E: | $175,000 |
| Established Year: | 1993 |
Listing ID: 1957192Listing provided by BizBuySell
BUSINESS DESCRIPTION
Turn-key restaurant and catering business with an established client base and long-term, loyal staff. 250 feet of frontage on a major traffic corridoor with 33,000+ vehicles per day. Includes a 5202 SF restaurant on 1.2 acres. 76 parking spaces with easy access in and out. 12 year history in this location. Seating capacity of 194 in the main dining room, with an additional 60 in a separate banquet room. Gross revenue over $1MM annually. Fully furnished with all cooking equipment, coolers, catering trucks, smoker trailer, and restaurant furniture and fixtures.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Palm Bay, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,202
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Restaurant furniture, booths, fixtures, 2 trucks, smoker trailer, cooking equipment, dishwasher, 2 grills, charbroiler, slider, 10x15 walk-in freezer & refigerator, 3 compartment sinks, trim table with sink, prep tables, 2 ice machines, coffee machines, AV conference system with monitor in banquet room. (Soda machines leased)
Competition
1.21 acres of prime retail property in Palm Bay, FL, with 250 feet of direct frontage on a major corridor, carrying over 33,000 vehicles per day. Easy access in and out. Over 50,000 people live within a 3 mile radius, and over 100,000 within 5 miles. 1 block south of major intersection with a carrying total of 50,000 vehicles per day. 1 block from Publix, and 2 Walmarts within 1 mile. This restaurant remained open for most of the pandemic, and has been the beneficiary of other restaurants limiting their dining room hours due to staffing issues.
Support & Training
Owner will train for 30 days, 40 hours per week, at no additional charge. Additional training negotiable.
Reason for Selling
Retirement
Franchise
This business is an established franchise
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