Active
Established Waterfront Restaurant with Tiki Bar
Indoor and outdoor dining with direct Indian River unparalleled views, one of the largest tiki bars on the east coast and a stage for live music, continues to bring back their loyal following and attract new customers.
The restaurant currently operates 7 days a week for lunch and Dinner, with specific areas designed for larger groups up to 50 People. With the dedicated and outgoing staff, excellent reviews and plenty of room for additional growth, you can build upon an already thriving establishment.
The sale includes the business, waterfront real estate, home on premises, liquor license, fixtures and current inventory.
Give us a call today to learn more about this fabulous opportunity at 321-698-1794
Listed By: Omar Kettani
Background information
Reference:
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Year established:
1972
Reason selling:
Retiring
Finance
Sales:
$4,000,000
EBITDA:
$982,000
Operations
Employees:
60
Equipment:
Included in asking price $100,000
Inventory:
Included in asking price
Premises
Facility:
Located on the India River with Indoor, and outdoor dining. Inside event space to hold approximately 50 people. Outdoor are has sections to hold multiple groups. A huge Tiki Bar with seating and stage for entertainment. Separate Building for on site maintenance or owner, partial building area used for inventory storage. Sale also includes a one acre permanent easement on west side of road dedicated for overflow parking.
Location:
Palm Bay, FL
Opportunities
Growth:
Growth opportunities are to expand hours. They currently close at 10 during week and by 11 on weekeends. There is a lower beach area that could be developed. Could do larger outdoor events including weddings.
Price and terms
Price:
$5,999,982
Financing:
minimum 45% down, 8% interest, amortized over 20 years, balloon in 5 years.
Training:
Owner will provide training for two weeks, but management will stay on up to 6 months.