Iconic 40 year old Establishment for Sale. PRICE REDUCED due to us not having a
broker who would take 10%. We are still offering a fee to a buyers broker.
Now
is your chance to own a landmark restaurant directly in the South Cape District.
The time has come for us to pursue new endeavors and for someone to lead this
restaurant into its next chapter. Full Service Restaurant, fully equipped with
110 seats along with bar/diner seating.
2cop beer and wine license. 1.2 million
in sales, documented owners benefits over 200k.
The Cove and Bimini Basin just
coming online adding many new residents within walking distance. Currently only
open for breakfast and lunch, many opportunities to grow sales, whether through
opening for dinner, catering or a ghost kitchen. All employees have been made
aware of this transition and are fully onboard.
All have been with us long term
and are invested in the business as well as adored by our loyal and regular
customer base. Long term lease in place with over 10 years’ worth of renewals
left. Season is in full swing, take advantage of this offer and cash flow from
your first day.
Owner is willing to help in the transition. Terms to be
negotiated. If you know this town and this restaurant than you know what kind of
business we have.
We have looked at all of the other listings in the county,
don’t fall for the trap of a place sitting on the market for years and years
that has changed hands 5 times in the last 10 years or a place with the books
more cooked than our corn beef hash. Priced for a quick sale at $595k or best
offer. We will offer owner financing with 450k down to a qualified buyer.
We are
also offering 3% commission to buyers agents who bring us a buyer. Email us for
full financials, leases, equipment lists any questions you might have.
Just wanted to clarify a couple of things regarding our restaurant being for
sale.
I have had numerous people congratulate us on the sale even though we
haven’t sold yet. I believe this is due to the wording of the News- Press
article. WE HAVE NOT BEEN SOLD YET.
You will still find Bubba at the restaurant
serving up your favorite breakfast and lunch specials every day. While we did
generate tremendous interest and have had several inquiries and showings, as of
today, we don’t have a signed contract to purchase the restaurant. While we
don’t mind selling yet due to the fact of us having a line out the door pretty
much every day of the week, we wanted to reiterate that we welcome any and all
inquiries and offers.
This is a landmark restaurant and we believe it presents a
great opportunity for the right buyer. $595k or best offer. Fully documented
owner benefits of over $200k with one working partner and one silent.