Overview
- Updated On:
- October 4, 2023
- - Bedrooms
- Year Built: 0
Description
This very popular, profitable steak house in the heart of Playas del Coco is an incredible opportunity to take over a high cash-flowing business with a great following. In operation for over 5 years, this restaurant can be purchased with the real estate (2 commercial units in a popular commercial center), all equipment, furnishings, and inventory. Located a quick 3 minute walk to the beach and in the middle of 100’s of residential units within walking distance, the location is perfectly centered in the north Coco community. There is large outdoor seating as well is indoor air conditioned seating!
Our seller only operates 10 months out of the year, and is closed on Sunday! A new operator can hold on to the property and business as-is, and make over $100k per year, or, add breakfast everyday / brunch on Sunday, and make significantly more income. This business and real estate opportunity is perfect as-is, but there are many options available to maximize your investment between the real estate and the business.
Purchasing Options:
I. Restaurant Business with Commercial Real Estate: $375,000
Pricing includes 2 commercial units (worth approximately $100k each), plus FF&E (Furniture, Fixtures and Equipment), and Inventory valuing over $30,000. The current well trained employees will stay on at buyer’s option, and the owner will train in the operations.
II. Business Only with Lease: $179,000
Pricing includes all business assets and a very generous term for leasing the real estate.
III. Business Plus Real Estate with Seller Financing: $179,000, plus $196,000 Financed for Real Estate
Pricing includes all business assets and seller financing at 7% interest plus $750 per month in principal, for the real estate over 5 years, with a balloon payment at the end of five years.
Again, Net Income is over $100k per year in the current operation, at only 10-months per year, and closed on Sundays, no breakfast…! Reason for Sale: Seller is relocating. Contact us Today for more information and a private showing.
