Absentee High Volume Beachfront Fast Food For Sale

677 Beach
Asking Price:600,000 Gross Income:300,000 Cash Flow:175,000
EBITDA: FF&E:30,000 Inventory:3,000
Real Estate: Established:1957 Employees:5

Business Description

Work in Paradise - Solid Gross Sales Books & Records Reporting from Square!

Once in a generation acquisition opportunity that has been a bastion of the community for many decades. Diversified menu offering carries the standard fare for breakfast, lunch & dinner (burritos, burgers, tenders, fries, etc...). Tight footprint and a favorable below market lease that will be transferred to the Buyer with 6 years left with a long term option available or we can try to secure a new 10 year lease with options in buyer's favor. Fully help run, 7 day business, hours are 9am to 9pm. Suggested by the Seller to increase revenues and profits to stay open until Midnight to get the hungry bar crowd. Sells other items besides food, cigarettes, has beach related rental income, this is a turnkey opportunity that will not last. Gross sales for summer top out at ~ $70k, and bottom out in the dead of winter at $20k. NDA is required for exact business address to do a "walk-by".

Additional Features

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
225
Lease Expiration:
7/31/2023
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Small footprint, beachfront location, amazing place to visit, high traffic area morning, noon & night!
Competition:
Plenty of competition but you can’t beat the location of this business.
Growth & Expansion:
Expand hours to get the drunk donkeys to buy your food.
Financing:
$400k Down, $4,100 Per Month for 50 Months!
Support & Training:
As needed.
Reason for Selling:
Other business interests.

Listing Inquiry