Waterfront Italian Restaurant / Bar

Famous 30 year old well established well-known waterfront restaurant supper club with 4COPSRX license.
Located in South Florida highest destination tourist location drawing over 25 million annual visitors with strong international clientele

Known for the flagship location, entertainment and great atmosphere. Full liquor bar, live entertainment, and seating for 250+ under air. Has tremendous upside potential for increased bottom line.

$5,000,000 SBA prequalified (monthly ~$68,875)
$2,000,000 Assumable EIDL loan, at 3.75% for 30 years (monthly ~$9,262)
$1,500,000 Seller Financing available at 8% for 30 months (monthly ~$55,332)
$1,000,000 down payment

Confidential information memorandum will be shared with financially vetted and experienced potential buyers.
For more information, please submit NDA, personal financial statements/proof of funds and resume.

Down Payment: $1,000,000

Total Sales: $8,417,947

Cash Flow: $3,682,468

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $250,000

FFE Included: Yes

Inventory: $50,000

Inventory Included: Yes

Year Established: 1992

Year of last Acquisition: 2006

Days & Hours of Operation: Sunday-Thursday 11-2 AM, Friday-Saturday 11-5 AM

Owner Hours Per Week: 40

Non-Owner Payroll: N/A

Employees: 50

Managers: 3

Absentee Owner: No

Security on Lease: Yes

Lease Option: Available

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $68,716

Type of Location: Mall/Waterfront

Square Footage: 4877+5000 patio

Franchise: No

Relocatable: No

Reason For Sale:

Other business interest

Training & Support:

Seller provides training for 2 weeks at no cost.

Financing/Terms:

$5,000,000 SBA prequalified
$2,000,000 Assumable EIDL loan, at 3.75% for 30 years.
$1,500,000 Seller Financing available at 8% for 30 months.
$1,000,000 down payment