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Listing View:
Tallahassee's finest dinning - Tallahassee, Florida
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Tallahassee's Finest Dinning
Tallahassee, Florida
Offered at:
$895,000
| Office Listing # | 863001 |
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Revenue: |
$1,698,151 / year
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Cash Flow: |
$381,798 / year
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Lease Rent: |
$150,813 / year
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Square Feet: |
6500 |
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Upscale Beautiful restaurant & lounge. 6500 SF restaurant with 340 seating capacity, large parking lot, located in NE Tallahassee’s most prestigious neighborhoods, close to 100's of businesses and over 10 upscale subdivisions. Won many awards. Rated 5 hats by the local food critic and the winner of the best of Tallahassee by Tallahassee Magazine. Unique opportunity for experienced restauranteur to take over. Annual revenue (1.7m). Current sales figures are dinner only, lunch would definitely increase restaurant sales. This business is a little over one year old with potential of doubling sales within the next two years. An incredible built-out, newly renovated, very well designed (posh contemporary ambiance). All Top of the Line equipments, state of the art furniture and decor. Fully equipped kitchen. The Kitchen is a chef's dream. This is truly a fabulous turn-key opportunity. Excellent management in place. Assets and improvements estimated one million dollars. Web site included. Owner has other interests. Asking price $895,000 M. Possible owner financing for qualified buyer. All prospects must submit resume' and financial statement prior to showing. Confidentiality agreement must be signed and faxed to broker before providing any information.
Asking Price: $ 895,000.00
Inventory : $60,000.00
Total Asking Price: $955,000.00
Annual Sale (2007 Sale): $1,698,151.25
Less Cost of Goods Sold: $532,351.84
Less Annual Expenses: $849,001.87
Net Operating Income: $316,797.54
Owner Salary: $ 65000.00
Total Owner Benefit: $381,797.54
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| Organization: |
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Corporation
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| Year
Established: |
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2005
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| Current
Owner: |
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2006
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| # of
Employees: |
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Contact For Info
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| Seating: |
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340
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| Square
Foot/Size: |
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6500
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| Parking: |
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Large Parking
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| License(s) Required: |
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Beer and Wine
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| Days
Open/Hours: |
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4Pm to 2AM
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| Reason
For Sale: |
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Other interest
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| Revenue: |
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$1,698,151 / year
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| Cash Flow: |
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$381,798 / year
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| Payroll: |
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$289,000 / year
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| Current Inventory: |
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$60000.00
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| FF&E: |
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$950000.00
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| Lease Rent: |
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$150,813 / year
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| Lease Expiration: |
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2016
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| Lease Option: |
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5
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| Security Deposit: |
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12500.00
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| Down Payment: |
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695000.00
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| All Cash: |
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850000.00
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| Note Balance: |
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200000.00
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| Rate/Term
of Note: |
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10
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Disclaimer
The information in this listing has been provided by
the seller or broker stated in the contact section of
the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has
not independently verified any of such information and
assumes no responsibility for its accuracy or completeness.
Read
the
full disclaimer before responding
to any ad.
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