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Profitable Restaurant Land At The Beach For Sale

Details: Asking price:$1,198,875; Sales revenue:$627,268; Net profit:$175,000; Fixtures value:$125,000; Inventory value:$5,000

Business description: This is your opportunity to buy a great restaurant, only two blocks from the Beach. Excellent investment opportunity, includes furnished apartment, management in place, and positive cash flow! Plus, you have a complete catering business, loved by every customer who schedules an event, or devours the delicious food. Both the Restaurant and Catering Trailer Serve Excellent Quality Food, at very reasonable prices. Niche product is very high margin! Secret "Owner's" recipe and concept, to transfer with the business. Very simple menu, Great Margins!

General information: Years established:2005; Employees: 6 Ft/7 PT; Real Estate: Real Property Included; Living accomodation:Studio Apartment Above Restaurant (furnished); Location:2500 Square Foot Facility, with furnished Studio Apartment above restaurant. Excellent construction and Upfit. Top of the line FF&E. Facility sits on three corner lots, only two blocks from the ocean. Highly sought out and popular location.; Expansion potential:New homes and business centers continue to be built in the area. Catering side of the business has unlimited potential, with proper marketing (currently just a hobby for owner). Owner is also absentee.; Competition / Market:Beach Town on the North Coast that continues to grow! Fastest growing county in the State. Thousands of new homes are under construction in this area. New Bridge being constructed that will increase traffic by this location. No other Niche products restaurant on the island, or close by.; Support & training:Owner to provide thorough training, to insure smooth transition for new Buyer.; Reasons for selling:Retirement.; Financing available?SBA Loan to Qualified Buyer