Boutique Restaurant in Historic Waterfront District

Boutique Restaurant in Historic Waterfront District


GULFPORT GEM - Rarely is there opportunities in Gulfport, Florida to own Beach Blvd Real Estate and a Restaurant build out. Our Offering is for restaurant real estate and the restaurant buildout. The business is currently El Chapo but the Site was once famous as the former location of Peg's - which was a hugely popular local restaurant/Brewery. The Site consists of 7920 sf of land and 2800 sf of covered structure. The Site consists of inside dining, bar, kitchen, back of the house, large covered deck, band stage, extensive outside patio and decks surround two sides of the building. This next Fact is HUGE > This Site is approved and currently has an SRX Liquor License with seating for 150 seats. This is really important because without an SRX Liquor License if you want or need a Liquor License you must purchase a 4COP Liquor License which currently trades for $282,000.00



Location

Country:

USA

State or Province:

FL

City:

Gulfport

Location Zip or Postal Code:

33707

Listing Information

Service Type:

Sit-Down Table Service

Title of Listing:

Boutique Restaurant in Historic Waterfront District

Year Established:

2016

Number of Locations:

1

Number of Seats:

51-150

Size:

2800, Square Feet

Patio:

Yes

Number of Employees:

11-50

Hours of Operation:

11-11 M-F

Growth or Expansion Opportunities:

Yes

Reason for Selling:

Time to Travel

Owner Operated or Absentee Owner or Flexible:

Absentee Owner

Links

Link to Facebook Page:

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=2ahUKEwj5vOSDoIThAhUKG6wKHXP_BdcQFjABegQIBBAB&url=https%3A%2F%2Fwww.facebook.com%2Fpages%2FEl-Chapo-Tacos-Gulfport-FL%2F120882438742584&usg=AOvVaw0tHOaQ5lrR-rZWs1PcdANq

Link to TripAdvisor Review Page:

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=2ahUKEwizjeC1oYThAhVLKawKHYzRDnUQFjAAegQICRAB&url=https%3A%2F%2Fwww.tripadvisor.com%2FRestaurant_Review-g34272-d14770269-Reviews-El_Chapo_Taco-Gulfport_Florida.html&usg=AOvVaw2JN7yK24dEew9HPY2QPBQt

Website:

https://www.gulfportmexicanfood.com/

Financial Details

Asking Price:

$845,000.00

Gross Revenue Range:

$500,000-$1,000,000

EBITDA Range:

$100,000-$300,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment):

50000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Value included in price?:

Yes

Asset or Share Sale:

Asset

Real Estate Owned or Leased:

Real Estate Owned

Real Estate Value Included?:

Yes

Lease Term Remaining:

Expires May 31, 2019

Total Monthly Rent:

$3950.00

Financial Comments (include any Financing information that may be useful):

Available Upon Request...Owner will consider Financing

Contact Listing Owner