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5-Star Restaurant and Banquet Facility for Sale in Central Florida

Reference #: 41453021
Location: Central Florida
Price: $2,000,000
Amount Down: $1,600,000
Revenues: $1,519,046
Discretionary Earnings: $762,703
Total Assets: $2,000,000
Business Description:

Nestled in secluded grounds and surrounded by ancient oaks, the Victorian elegance of this banquet facility and restaurant provides an unforgettable backdrop for any occasion. This is a great place to celebrate weddings, reunions, anniversaries, a corporate event or just to relax in sumptuous surrounds while you sip a drink at the full liquor bar or sample the cuisine of an award winning chef.  Blending southern hospitality with old world charm, the mood here is laid back and welcoming.  The business also includes the plans to open an inn or bed and breakfast on the property.  The revenues are currently split between 60% catering/events and 40% restaurant/bar.  Projected 2010 sales are based on the current up-trend of 40% in monthly sales increases this quarter.  The restaurant is expected to hit peak sales of $3,600,000 based on historical performance prior to the recession. 


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.