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Full-Service Premier Seafood and Steak Restaurant – BM002948

Florida, Southeast US, US
500K-2M5M-10M Food & Drink
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TEASER
CLIENT CODE: BM002948
REVENUE/TURNOVER: $5,242,124
EBITDA: $1,308,011
HEADQUARTERS: Florida US
 
Interested? Contact Us
813-898-2350
pmanry@benchmarkintl.com
Full-Service Premier Seafood and Steak Restaurant – BM002948

Paul Manry

interested in this opportunity?
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The company is a full-service seafood and steak restaurant. It is situated in a prime location with lakefront seating, boat dock, and beach area. It is considered one of the most popular and premier destination restaurants in the county.

Key Aspects

Revenue has grown at a compound annual growth rate (CAGR) of 11.2% from 2018 through 2021

  • Gross profit margins have averaged 64.7% from 2018 through 2021
  • Situated in a prime location with lakefront seating, boat dock, and beach area
  • Excellent reputation in the local market
  • Serves lunch and dinner seven days a week
  • The restaurant has a private dining area and two bars
  • Search engine optimized (SEO) website

Opportunities

  • Escalate marketing efforts to increase client base
  • Expand the bar clientele through marketing and live music offerings
  • Continue to provide high-quality food and customer service to take advantage of the growth in the market served
  • Continue to negotiate pricing agreements with key vendors to support margin growth
  • Launch a customer loyalty program (birthday, special events, referral discounts, etc.)

Headquartered

  • Florida

Current Markets

  • The restaurant generates approximately 75% of its revenue from local customers, and 25% from tourists.

Real Estate

  • The restaurant is leased from an affiliate-owned entity. The restaurant property consists of three parcels of land. The main portion is on two parcels with 2.08 acres of lakefront property. The real estate is included as part of the sale; however, the owner is also opened to negotiating a long-term lease agreement with new ownership after the planned sale of the business.

Shareholder Objectives

  • The company is owned by a single shareholder looking to exit the business to pursue other personal interests. They feel the company is in a position where new ownership can take advantage of the growth opportunities in the area.

AMERICAS HQ

4030 West Boy Scout Blvd. Suite 500
Tampa, FL 33609
+1 813 898 2350
US@Benchmarkintl.com

Europe HQ

101 Park Dr., Milton Park
Oxfordshire, OX14 4RY
+44 (0)1865 410 050
UK@Benchmarkintl.com

AFRICA HQ

Ground Floor, Runway 01, Airport Office Park
Cape Town International Airport, Cape Town, 7525
+27 21 300 2055
Africa@Benchmarkintl.com

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