For Sale
$1,100,000

000 Annual Profit- Low Rent!Eastpoint, FL 32328

Turnkey restaurant, high profits, low rent.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional turnkey restaurant opportunity in St. George Island, Florida, presents a unique chance to acquire a thriving business with significant earning potential. Boasting $1.7 million in annual sales and a remarkable $390,000 in owner earnings, this established eatery offers a compelling return on investment. The 3,500-square-foot space, built in 2017, is currently leased at a highly favorable rate of $3,300 per month, extending until February 28, 2027, with options for renewal. The fully equipped kitchen features a comprehensive array of commercial-grade equipment, including a 10-foot hood system, multiple freezers and coolers, fryers, ovens, and a full complement of prep tables and sinks. The restaurant's interior comfortably seats 70+ patrons, and the outdoor seating area further enhances its capacity. A comprehensive POS system, security cameras, and entertainment systems are all included. The sale includes a liquor license, adding to the revenue streams. The current owner will provide two weeks of training to ensure a smooth transition, and the existing staff is eager to continue their employment. This is a rare opportunity to own a profitable, well-established restaurant in a desirable coastal location with minimal owner involvement required. The asking price is $1,100,000.

Highlights

  • This is an asset sale of a profitable, turnkey coastal restaurant.
  • Asking price: $1,100,000.
  • Gross revenue: $1,732,546.82.
  • Cash flow: $394,430.61.
  • Inventory not included in asking price.
  • Leased real estate, 3,500 square feet.

Property Details for 000 Annual Profit- Low Rent!

Property type
Retail properties, Restaurants
Square Feet
3,500 SF
Year Built
2017

Location Insight

City
Eastpoint
County
Franklin
State
Florida
Latitude
29.7594805
Longitude
-84.8776392
000 Annual Profit- Low Rent!, Eastpoint, Florida

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000 Annual Profit- Low Rent!
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