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.

Benchmark International

Benchmarks Exclusive Opportunities

Full-Service Premier Seafood and Steak Restaurant – BM002948

Full-Service Premier Seafood and Steak Restaurant – BM002948

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