Global Business Brokerage Inc. where you will experience a "World of Difference"
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Global Business Brokerage Inc. where you will experience a "World of Difference"
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Industry: Retail - RestaurantSegment: Food & BeverageSEAFOOD & STEAKHOUSEOwner will consider financing ANOTHER DRASTIC PRICE REDUCTION Includes: Building 52 X 80 @ 4,160 Square Feet 2 1/2 Acres - Zoned Industrial 1,160 SF Pre-Manufactured Home (Rear of Property - Owner's Residence) Geography: Tampa Bay Area - Hudson, Florida - Located 1 Mile East of US 19N on Busy Road. Area is saturated with Mobil Home Parks & RV Parks. This is the mainstay of the devoted client base. 23 Miles North of Tarpon Springs, Florida one mile from busy Hwy 19 North. BUYERS ALWAYS WANT TO BUY A BUSINESS WITH PROPERTY! Well, with this business, you are buying 2.5 acres, (in 2008 was zoned industrial), a nice residence, and most importantly a profitable business with MANY expansion possibilities. ACT NOW! This business will not last long on the market! This SEAFOOD & STEAKHOUSE (Eat In or Take Out with over 250 take out orders per month) is an IDEAL MOM & POP or a CHEF (who wants to do his/her own thing), as close to recession proof as you can get! This business is fully established and has been there for 33 years with current owner for 15 years. The reasonable price of the menu items continues to bring in the thousands of local devoted clients! LIVE WHERE YOU WORK ON 2.5 ACRES WITH NICER PRE-MANUFACTURED HOME (3 Bedrooms & 2 Baths) located at back end of property, surrounded by beautiful wooded area. This business also has many possibilities for expansion: Add a Package Liquor Store, open for breakfast, expand hours of operation, increase events, expand the Menu, offer Happy Hours, bands on the back porch and other FUN EVENTS! This could be an ideal retirement for couple who wants to live in Florida, but not ready to fully retire. Close to Gulf of Mexico, Beaches, Golfing, Endless Sporting activities - what's not to like? People seem to really enjoy the Large Screened In Eating Area. This is also used for the many special events they host every year, which brings them additional business and adds to the feeling of community involvement. Every Labor Day they host a large Bar-B-Que for their clients and over 500 people attend each year and shows great customer appreciation! ASKING PRICE: $375,000 (Was$653,500) Owner will consider financingThis includes Business, Acreage and Fully Furnished Pre Manufactured 3 Bedroom Home!SALES: $280,000 ANNUAL Owner Benefit: $ 84,232 Property Value: $200,000 Residence Value: $ 70,000 Replacement Equipment Value: $ 42,330 OWNER BENEFIT: REVENUE/SALES $280,000 FOOD/CONDIMENTS/LIQUOR $100,000 LABOR $ 72,000 UTILITIES/WATER/PHONE $ 16,000 INSURANCE $ 4,687 PROPERTY TAX $ 3,081 OWNER BENEFIT $ 84,232 FF & E: $42,330 (See List Below) Inventory: Approximately $4,000 Food & Condiments with full stocked liquor (open bottles) for Bar. Included in Purchase Price. Established: 1977 (33 Years) 1995 (15 Years) - Current Owner - complete renovation with NEW electric and plumbing. Food & Beverage: 75% Food - 25% Liquor (4 COP Liquor License Available for Purchase) Eat In/Take Out - over 250 take out orders per month Also has Outdoor Catering Set Up for Parties & Other Events Building: 160 Seating capacity/Currently seats 145 32 X 80 (Bar Lounge/Indoor Restaurant with AC) Includes Salad Bar in Main Dining Area 20 X 80 (Screened Addition Dining Area) - Smoking permitted and Events Area 2005 New Aluminum Roof - All Stucco Walls Large functional lounge, Indoor Eating Area, Screened Eating Area with Bar-B-Que Equipment for Parties Event Area for Weddings, Birthdays, Retirement Parties, Bar Mitzvahs, Funeral Receptions, Meetings, Etc.) Large Functional and well laid out Kitchen (Please see Equipment List and Photos) Includes Large Walk-In Cooler plus 2 Stand Up and 2 Top Load Freezers City Water & Sewer Employees: Total Six (6) - Includes Owner/Manager Two (2) Cooks - (Two employees - 15 Years of Service) Hours of Operation: Monday thru Friday 11:00 AM to 10:00 PM Saturday 4:00 PM to 9:00 PM Sunday Closed ADVERTISING: Most advertising is word of mouth and since this is a well established restaurant does not require additional advertising. Daily specials bring in loyal clients on regular basis. This restaurant is good old fashioned "home cooking" and people appreciate the Daily Dinner Specials and stable prices. Each Labor Day the owners sponsor a FREE Bar-B-Que for their loyal customers. Last year, between 350 & 400 customers attended and consumed a 135 LB BBQ Pig, 75 LBS Pork Shoulders, as well as related BBQ Food. Soft Drinks were also provided. The Owners also sponsor many community events by offering space, FREE OF CHARGE. Last year for example, the Girl Scouts sold Cookies at this location and it was a record year! Other free events are provided for the local community and emphasizes the fact that this business participates in a spirit of community which enhances the local ambience and loyalty to this establishment. THIS IS GREAT ADVERTISING FOR THIS BIZ!!! FURNITURE, FIXTURES & EQUIPMENT LIST (Contact Broker for complete List): TOTAL VALUE: $42,330
REASON FOR SALE: After 15 successful years of growing and managing this great BAR/RESTAURANT business, the owner believes he has earned the benefits of retirement (which includes a lot of GOLF). The Owner will remain to train the new Owner(s) for 30 days at no cost. Additional time can also be arranged for compensation between the Buyer and the Seller. The Owner will sign a Non-Compete Agreement. This is a Florida S Corporation. HOME COOKING - AT IT'S BEST! CURRENT MENU ITEMS: This well-known SEAFOOD AND STEAKHOUSE is a local favorite! Has been here 33 years (current owners for 15) and is well established as having excellent SEAFOOD and STEAKS - as well as home cooking which appeals to the local community and has attributed to the long term appeal of this established business. While you could change the menu or add to it, should you desire, it has worked great for many years and in our opinion, is one of the mainstays of this business. Many people when buying restaurant often make the mistake of thinking they are going to improve the menu or change the decor of the place to make it more attractive. With a restaurant such as this one, you may not want to change it - IF IT'S NOT BROKE - YOU DON'T WANT TO FIX IT! THIS MENU BOASTS GOOD OLD FASHIONED HOME COOKING AT GOOD PRICES! Think LOCAL, FRESH SEAFOOD, CRAB LEGS, GREAT STEAKS, PRIME RIB AND ALL YOU CAN EAT FISH FRIES! Add Daily Specials, such as Chopped Sirloin, Fried Chicken (all served with Mashed Potatoes/Gravy/Green Beans), Ham Steak Dinners, Country Fried Steak, Cowboy Cut Steaks, Rib Eye Steak, Scallop Dinners, Jumbo Shrimp Dinners, Catch of the Day, Clam Strips, Fish Filet Dinners all served with Salad Bar, Choice of Potato and Bread & Butter. Lunch Items include - every kind of sandwich you can think of - all with that home cooked appeal, Shrimp baskets, Bubba Burgers, Clubs, Buffalo Chicken Sandwiches, Patty Melts, BLTS, Turkey, Philly Style Cheese Steak, with Homemade soups and Salads. Appetizers and Sides - include Shrimp Cocktail, U-Peel Em Shrimp, Fried Shrimp, Chicken Tenders, Mini Tacos, Fried Mushrooms, Onion Pedals, Quesadillas, Cheese Stx, Jalepeno Poppers, Chips with Salsa and Buffalo Style Wings and Tenders. Salads include a House Salad, a Chef Salad, Chicken Salad (Grilled or Fried). Sides include, potato salad, cole slaw, vegetables, baked potatoes, mashed potatoes and gravy, french fries, etc. You get the idea! This is home cooking at it's BEST, Florida Style and people LOVE IT! You could add a few lower calorie menu items to add to the mix for those actually watching their cholesterol, but overall the appeal of this restaurant is ITS' GREAT HOME COOKING! ACREAGE & PRE-MANUFACTURED HOME: This NICER 3 Bedroom, 2 Bath Home, (fully furnished) built in 1999, sits on a beautiful private 2.5 acre lot, with 6 foot high stockade wooden fence, separating it from the business property and surrounded by a beautiful wooded area. This nicer home is ideal for a couple or would be great for children! In a great location in Hudson, Florida. PHOTO GALLERY: After signing a NDA (Non-Disclosure Agreement), ask the Broker to e-mail photos of this Business and Home & Acreage, so you can truly appreciate the value of this offering. BETTER HURRY - CALL US TODAY ON THIS ONE! Photos, menus & equipment lists, and financial information from the Broker. Viewing: Prospective buyer financial qualification required prior to further disclosure and showing. Disclosure: Global Business Brokerage, Inc. has on file the signature and the Sole and Exclusive Right to Sell Listing Agreement, Equipment List, Lease and Cash Flow Analysis. Information provided herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary.
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