Restaurant and Real Estate on Major Corridor, 45,500 Cars a Day - Business for Sale
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Full-Service Restaurant with Real Estate in Port Charlotte, FL
Port Charlotte, FL, US
Added today
Restaurant and Commercial Real Estate
16 years in business
Absentee / Semi-AbsenteeRetiring Owner
Full-service American and Southern-inspired restaurant with its own commercial real estate located on a major retail corridor in Port Charlotte, Florida, operating for over 15 years.
Key Information
Asking
$1.3M
Revenue
$1.5M
Earnings
$160K
Multiple
8.1x
Key Highlights
- Business has been established for 16 years
- Sale includes both the operating restaurant and the real estate: a freestanding, single-story commercial building of approximately 3,000 sq ft (2,500 sq ft restaurant space)
- Approximately 15 hourly employees are paid through a professional employer organization
- Business operates on a semi-absentee model; owner is not on the floor day to day
- Dine-in accounts for about 60% of sales; takeout and delivery make up the remainder
- Existing private financing on property and business is under $7,000/month at 6.2% fixed through December 2027, assumable with about $300,000 down and noteholder consent
Contact Info
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