Seafood Restaurant For Sale – Crystal River, Florida
Seafood Restaurant For Sale in Crystal River, Florida for $379,000! Pre-approved for SBA financing with an estimated $242,000 down! This is a great opportunity to purchase a fully built out and well established business currently grossing an estimated $1,144,193 and nets $67,106. Income based on an owner/operator role. Currently the restaurant offers a large variety of seafood, steak, chicken, sides, and much more! Includes all restaurant furniture and equipment. Beer and liquor license also included with this sale. Seats 209 inside and 15 outside. Great location as a large endcap restaurant of a busy shopping plaza with other restaurants, retail stores, and a grocery store. There is a loyal customer base and the restaurant has received many positive reviews. Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $1,144,193.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Yes, this business has been pre-approved for financing of up to $137,000 (amount needed down is variable depending on buyer’s liquidity and credit score). Buyer must also meet the minimum SBA requirements for lending to include: a minimum credit score of 680 and relevant experience in the restaurant industry, or some type of previous management experience from another industry. View SBA loans or more Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, repairs and maintenance, credit and collection costs, janitorial expenses, office expenses, property rental fees, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 8 years. New owner must be approved to take over. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in Crystal River, Florida. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: chairs, bar stools, tables, televisions, bar sink, beer cooler, 14 tap draft beer, large walk-in cooler for kegs, ice maker, 3 gas fryers, 5′ charbroiler, 6′ flat grill, 4-burner stove, convection oven, stainless steel kitchen tables, freezer, and more.
What size and how many customers can this restaurant seat?
Restaurant is 4,000 sq. ft. and seats 209 inside and 15 outside.
Does this restaurant currently have a beer or liquor license?
Yes, there is a beer and liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service currently offered. However, delivery services such as Uber Eats and Door Dash could be utilized.
How long has the seller owned the restaurant?
Restaurant has been established for 13 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
This restaurant is operated from 11:00am to 10:00pm Monday – Sunday.
What type of neighboring business are in the area?
Neighboring properties are a mix of commercial businesses and retail stores.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Opportunity to purchase a fully built out, operational restaurant in a great location. Restaurant has a loyal clientele and positive reviews. Includes all equipment. Plenty of opportunity to increase revenue. Priced at $379,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.