Family Restaurant Bar & Grille In Florida For Sale

Business description

Family style Bar & Grille Restaurant in nicest shopping center in town. Like-new décor. Unlimited parking. Around 20 sports t.v. screens on wall plus 5 large flat screens. Strong customer base and great staff in place over 13 years. Franchise support & training is 4% per year. Did around $1.1M gross and $200K net profit before. Current owners have no restaurant background and believe someone in the business would take it back to its former self, mostly with margins & cost controls. Average 60-80K gross sales per month currently. Needs a restaurant background owner.

Property information

Location:

The location is the best in town, in a Publix shopping center that just went through major renovations and cosmetics.

Size in square feet:

5,000

Business Operation

Expansion potential:

Current owners admit that they don't know restaurant business and have not watched their margins as well as they could have. The gross sales seem to be staying decent in this economy…but the costs and margins need to be improved upon. Also, in a decent economy this same location sold for around 400k.

Competition / Market:

A Chili's moved in next door a couple years ago. Sales dropped for about a month during Chili's grand opening, and then everything went back to normal after that. No more drop.

Reasons for selling:

Sellers purchased with the intention of handing over to adult sons, they never grew into the role

Trading hours:

Sun-Sat 10am-11pm

Employees:

22 PT

Years established:

13

Other information

Support & training:

Will train for 2 weeks @ no cost

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)

Relocatable:

This business can be relocated.