Restaurant in historic downtown district

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Asking Price: $49,900
Cash Flow: $29,233
Seller Financing Available: Yes

Located in a historic downtown entertainment district, this area in Northwest Florida has numerous weekly, monthly, and city sponsored annual events and festivals including evening art walks, concerts in the park, and holiday pub crawls. TheĀ restaurant captures both the lunch crowd of surrounding businesses and the evening/weekend diners who love barbecue!

With beers on tap and bottles, there is potential to create a sports bar environment with additional revenue from mid-afternoon through longer evening hours. The restaurant offers seating for 100.

Owner must sell for family reasons.

2014 financial information is P&L.

2015 YTD is from P&L thru 9/30/15.

Seller will consider some financing for a qualified buyer.

 

Year 2014 2015 YTD
Gross Revenue 342,973 193,993
Sellers Discretionary Earnings 29,233 22,090

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