This Retail Property is Off-Market.

869 S. Atlantic Avenue
Ormond Beach, FL 32176 ·

7,000 SF · Retail For Sale

N/A

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Barnacle's Restaurant

Price N/A Property Sub-type Restaurant
Building Size 7,000 SF Property Use Type Business For Sale
Property Type Retail
Listing ID: 15619244 Date Created: 03/18/2008 Last Updated: 01/09/2009

Description

This wildly popular seafood restaurant with sales of almost $2 million and a seating capacity of over 220, has been in business for over 23 years and highly profitable. Located on Ormond Beach "Restaurant Row", onwe half block from the ocean, on the NE corner of Atlantic Ave. & Harvard. This is a popular spot with the locals & vacationers alike. It's Key-West look along with the gorgeous Caribbean Pub withfull liquor license & total Nautica theme matches the location. Owner's expansion plans in a different segment of the industry causes for the sacrifice of this gold mine at $600,000. The selling price includes all company assets, including FF & E, experienced staffing of 45+, company goodwill, 22 year lease at an incredible monthly rent of 5% of the total sales, (yes, only 5% of the approximately $2 million in sales) and Intellectual Property: Own the "Barnacle" name in the State of Florida.

Ormond Beach "Restaurant Row", 22 year lease.

Highlights

  • 10 year financials available upon request.

Research

869 S. Atlantic Avenue, Ormond Beach, FL 32176 (Volusia County)

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