American/Greek Bar and Restaurant For Sale | Satellite Beach, Florida
American/Greek Bar and Restaurant For Sale in Satellite Beach, Florida for $350,000! Asset sale. Seller financing available with $200,000 down. This is a great opportunity to purchase a fully built out and newly renovated restaurant and bar. Currently the restaurant offers breakfast, lunch and dinner menus with American, Greek, Italian, Seafood, Steak, Coffee and Dessert options. There is seating for 295 inside and 75 outside. There are inside and outside bars and a large area available for private parties, lunches, breakfast meetings and special occasions. Live entertainment is offered on weekends. This restaurant is in a great location just a block away from the beach and a few blocks away from an Air Force base. There is a loyal customer base and the restaurant has received positive reviews. Please be advised that the owner will not entertain SBA loans, or third party lending. If seeking financing, buyer must be able to borrow against personal assets. For additional lending options Apply Here
Frequently Asked Questions:   Price: $350,000   Cash Flow: TBD   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? This is an asset sale. The space has been built out to accommodate and operate as an American/ Greek bar and restaurant.
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? Seller is willing to offer financing with $200,000 down. Terms to be discussed. If more financing is needed you can review additional 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, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain for 2.5 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner. The new owner will also have the option to purchase the real estate.
Where is the restaurant located? Located in Satellite Beach, 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: double convection oven, (2) grills 8' and 6', 2 fryers, 8 stoves, hot steam table 4', (7) high steam warmers, (3) commercial toasters, (2) slicing machines, 30 quart mixer, refrigerators, (4) microwaves, walk in freezer, walk in cooler, commercial leased dishwasher, (2) full bars, cooler display 4', buffet display 8', dance floor 15' x 15', live music stage, audio equipment, lights, disco ball, microphone, POS system with 5 terminals, 7 televisions, restaurant furniture, computer, camera system, office desks, printers, paper shredder and more.
What size and how many customers can this restaurant seat? Restaurant is 8,500 sq. ft. and seats 295 inside and 75 outside.
Does this restaurant currently have a beer or liquor license? Yes, there is a liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service? There is no drive-thru or delivery service offered.
How long has the seller owned the restaurant? Seller has owned this restaurant for less than 1 year.
Why is the owner selling? Owner is selling due to a family issue.
What are the hours of operation? This restaurant is operated from 9am to 11.00pm, Monday - Sunday.
What type of neighboring business are in the area? Neighboring properties are a mix of restaurants, bars and hotels.
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 and newly renovated restaurant and bar in a great location. Restaurant has a loyal clientele and positive reviews. Includes all equipment. Seller financing available with $350,000 down. Plenty of opportunity to increase revenue. Priced at $350,000. 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 Sellerís 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.