Listing Price:  $1,999,000  Gross Sales:  $943,502 
Down Payment  $1,999,000  Recast earnings* (Owner Benefit):  $214,866 
Location:  Naples, FL

  Naples Restaurant on Water - Net $215K

Executive Summary

Naples, well-established restaurant/lounge on water with indoor/outdoor seating.  SRX Liquor license.  Presently open for dinner only but sales could be increased by opening for lunch also.  Can come by car or boat.  One of a kind location.  Real estate included in price.  Sales were down in 2017 due to Hurricane Irma.

Business Synopsis

Asset Information (estimated fair market value)

Established in: 2010 Inventory: $5,000 Included
Employees: 10 FT, 3 PT Furniture, Fixtures & Equipment: $85,000 Included
Facilities: Real Estate: $1,100,000 Included
Business Format: Total Assets: $1,390,000  
Reason for sale: Other business
Operating History 2017 2016 2015
Financial Source Tax Return Tax Return Tax Return
Gross Sales $943,502 $1,069,894 $998,208
Gross Profit $630,513 $743,904 $300,624
Adjusted Earnings (Owner Benefit)* $214,866 $220,844 $154,978
(*) Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Detailed information on this business is available to principals only.
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Phillip T. Rice
(239) 280-3121
Coldwell Banker Commercial NRT
4851 Tamiami Trail No.
Suite 100
Naples, FL 34103