Status: Active

Iconic Restaurant with Prime Real Estate - Business with property

Sarasota County
$ 1,899,999 -
RESTAURANT &REAL ESTATE MUST SELL to HIGHEST BIDDER NOW!! MASSIVE REDUCTION for QUICK SALE from $2.5 Million to $1.99Million. CA$H TALKS on THIS DEAL!! MAKE AN OFFER!!! MUST SELL on or before JULY 4th to HIGHEST BIDDER.2017 PROPERTY APPRAISED for $1.620 m. THE LAND has HIGH DENSITY CG ZONING and HEIGHT ALLOWANCE of 70ft+/-(About 7 or 8 Stories).THE SITE is IDEAL for BRANDED HOTEL like Holiday Inn Express,Sleep Inn,La Quinta OR as a Strip Center with 2 to 3 stories of Office or Residential Condos or Apartments overhead.The Investment potential is endless.CALL DENIS BURKE the BROKER for a SHOWING SCHEDULE this coming SUN 6/10.Direct Line 941-224-3893. SERIOUS BUYERS PLEASE!!!PROOF of FUNDS OR BANK LETTER of CREDIT REQUIRED and the ABILITY to CLOSE on or BEFORE JULY 4th. CLEAN BOOKS & RECORDS AVAILABLE to QUALIFIED BUYERS. This is a UNIQUE ONE OF A KIND American Family Style Restaurant with European influences: "A true Diamond in the Rough."The restaurant is an icon in the community after 30 years in business.Zoned CG.Keep "AS IS" and grow to $3 million+ Revenue.However,the highest and best use may not be as a Restaurant due to the significant amount of development in the area.The Restaurant sits on 1.37 acres of level ground.Some of the many other possibilities include a branded hotel The Business and property is convenient to the New Atlanta Braves Winter Training facilities. THIS IS AN UNBELIEVABLE PRICE AND OPPORTUNITY FOR SERIOUS RESTAURANT BUYERS, INVESTORS & STRIP CENTER & MIXED USE DEVELOPERS.
INVENTORY INCLUDED -  No
REVENUES -  $ 2,000,000
REAL ESTATE -  1,6
CASH FLOW -  $ 323,000
YEAR ESTABLISHED -  1988
FF&E -  $ 400000
EMPLOYEES -  60
LISTING ID -  32
MLS CODE -  Not Disclosed

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The information in this listing has been provided by the business seller. The business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.