Popular New Smyrna Beach Restaurant with Real Estate

Listing Number: 7101-351721

Description

A popular and successful restaurant in New Smyrna Beach, Florida, has been thriving for six years, renowned for its excellent service, inviting atmosphere, and freshly made food from its from-scratch kitchen. The team, with a combined 35 years of experience in cooking and restaurant operations, ensures that every order is made fresh. The restaurant is currently run by the seller, who works 30-40 hours per week managing, banking, accounting, specials, and scheduling. With an experienced staff in place, a smooth transition for new ownership is assured. Located half a block from 400 apartments, the business benefits from a steady flow of customers. The asking price includes $1,036,000 of real estate, so the lender is offering a full 25 year amortization! The financials do not account for occupancy.

Listing Details

• Price: $2,100,000
• Down Payment: $233,000
• Sellers Discretionary Earnings: $531,432
• Total Sales: $3,040,581
• Location: Volusia County, Florida


• Inventory: $20,000
• FF&E: $100,000
• Employees:
• Year Established: 2018
• Reason for Selling: Other Business Interests
• Category: Restaurants