Sports Bar and Mediterranean Restaurant For Sale | Hollywood, Florida
Sports Bar and Mediterranean Restaurant for sale in Hollywood, Florida for $78,900! Established business opportunity, currently grossing an estimated $102,296 and nets $28,904. Income based on an owner/operator role. Currently the restaurant offers menus featuring burgers, cheesesteaks, kebabs, fish, wraps and more. There is seating for 36 inside and 3 outside. Plenty of opportunity to continue to increase revenue. This is well established restaurant with a loyal customer base and positive reviews. Includes all restaurant equipment with an estimated value of $40,000.
Frequently Asked Questions:   Price: $78,900   Cash Flow: $28,904   Financing: No   Listing: Inactive
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $102,296.
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? There is no seller financing. This business may qualify for a business or SBA loan. 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 4 years. New owner must be approved to take over. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? Located in Hollywood, 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: auto fryer, stainless tables, coolers, freezers, TV's, restaurant fixtures, bar equipment, pool table, Hookah equipment signage and more. Estimated value is $40,000.
What size and how many customers can this restaurant seat? Restaurant is 1,500 sq. ft. and seats 36 inside and 3 outside.
Does this restaurant currently have a beer or liquor license? Yes the restaurant has a beer/wine license.
Does the restaurant offer drive-thru or delivery service? There is no drive-thru but a delivery service offered.
How long has the seller owned the restaurant? Seller has owned this restaurant for 1 year.
Why is the owner selling? Owner is relocating.
What are the hours of operation? This restaurant is operated from 11am to 12am, Monday - Sunday.
What type of neighboring business are in the area? Neighboring businesses include retail stores, restaurants and a gas station.
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 turnkey and well established restaurant with a loyal clientele and positive reviews. Includes all equipment. Plenty of opportunity to continue to increase revenue. Priced at $78,900. 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.