Business Overview
About the Company
**Business Description**
**Profitable Beach Bar/Restaurant**
Acquire a profitable beach bar in paradise for less than you think\!
Pre\-approved for an SBA business acquisition loan by a local bank, experienced restaurateurs can finance 90% of the purchase over 10 years\.
$350k down payment\. Recoup the initial investment in approximately 12 months, and then cashflow $350k\+ annually after SBA debt payments\.
The ultimate spot for an owner/operator to spend their retirement in South Florida\. A hotspot for both locals and tourists, this bustling destination features American/Seafood cuisine and has live music 7 days a week\.
2023 revenue was $3\.6M, with a profit of $760k\+\. Projections for 2024 are set to exceed 2023\.
The restaurant has a beautiful $2\.5M buildout\. The sale includes all equipment and furnishings and the assumption of an existing long\-term lease in a coveted location\.
Listing is confidential\. Please reach out to sign an NDA to get further details\.
**Detailed Information**
**Real Estate:** Leased
