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Complete Absentee Ownership - Restaurant, Grill, Bar

Indian River County, FL

Seller Financing Available

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Asking Price:$905,000
Gross Revenue:$1,800,000
Cash Flow:$295,000
Established Year:2017
Listing ID: 2114702Listing provided by BizBuySell
BUSINESS DESCRIPTION

This is a well-established restaurant/bar in a fantastic location. The management team runs day-to-day operations with little intervention from the owner. You can be involved in the operations of the business, or be an absentee owner.

The team handles all ordering, managing, opening, closing, and daily activities.

This is a well-known, established franchise business with terrific support from the franchisor, who manages many brands. There is significant room for growth.

The seller has done a fantastic job navigating COVID, reducing costs, creating efficiencies and growing revenue back to pre-Covid levels.

The seller is flexible with the transition to a new owner.

DETAILED INFORMATION
Location
Indian River County, FL
Inventory
Not Included in asking price
Employees
10
Competition
The business is located in a very active complex in an area that attracts many locals and vacationers.
Growth & Expansion
There is an opportunity to open one or two additional franchise locations in the area. The franchisor is in growth mode and would be supportive of a multi-location operator.
Financing
Seller is open to discussing options.
Support & Training
The seller is local to the business and can be available for support/training over the course of the first 12 months to ensure the success of the buyer. The existing management team runs the business, so the transition should be very smooth with new ownership having time to handle financials, and not having to worry about day-to-day operations.
Reason for Selling
Current Owner wants to invest in other businesses.
Franchise
This business is an established franchise
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