Famous Savannah Family Restaurant with RE

This is a very popular Savannah Restaurant, the sellers are retiring after many years of operation. One of the best locations in Savannah, featuring free parking and a loyal following from great surrounding neighborhoods and professional business districts. They also get a good bit of tourists from their high-profile articles and media exposure. There is plenty of room for expansion and new ideas.
SDE: $132,459
EBITDA: $85,663
FFE: $155,000 Included
Inventory: $5,000
Reason For Sale: Retirement
Year Established: 2001
Employees: 30
Square Footage: 3,600 sf
RE: $1,300,000 Not included in price
Facilities Information: Seating: 85 inside, 15 covered side patio; New open patio seats 30+ Potential Growth: Lots of room for growth with plenty of FREE parking, an ideal place for small weddings and events too.
Financing: Seller pays themselves $55,123/yr rent for the real estate. This can be used to service the debt on the RE.
Support & Training: Sellers will work with the new owners for 30 days.

Total Sales: $1,185,630