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Homestyle Restaurant With Property For Sale In Florida
American Style Restaurant With Property For Sale In Florida
Lake County, FL
Seller Financing Available
Asking Price: $2,300,000
Cash Flow: $712,711
Gross Revenue: $2,373,600
FF&E: $85,000
Inventory: $20,000*
Real Estate: $750,000
Established: 1980
*not included in asking price.
Business Description
Florida Restaurant Including Real Estate
Homestyle family restaurant with property for sale. Business has a 5-decade reputation selling breakfast lunch and early dinners. Business has a classic Florida American menu including items like Chicken Pot Pie, Chicken Fried Steak, Burgers, Salads and much more. The real estate includes both the building and parking. Business also has a dedicated staff that allows the owner to maintain the restaurant with minimal supervision. Customers are mostly repeat customers with some coming in multiple times a week. Business also has over 2,000 online 5-star reviews. Business also has great books and records. The property included is valued at $700K. Buyers must sign nondisclosure prior to details.
Detailed Information
- Location:
- Lake County, FL
- Inventory:
- Not included in asking price
- Real Estate:
- Owned
- Included in asking price
- Building SF:
- 2,500
- Employees:
- 26
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- Restaurant has plenty of seating and parking. There is also a full kitchen and server prep station.
- Competition:
- Restaurant is one of the main dining attractions in the area.
- Growth & Expansion:
- Seller does not do much marketing however the surrounding area continues to grow in population and as it grows so the sales at the restaurant. Over 2,000 5-star online reviews also help bring in new customers.
- Financing:
- Some seller financing available in conjunction with bank financing.
- Support & Training:
- Seller will work with the buyer to make for a smooth and easy transition into the business.
- Reason for Selling:
- Seller is looking to retire.
Listed By: Lee Ossin
Background information
Reference:
400-04373AmerRestProp
Finance
Sales:
$2,373,600
Profits:
$712,711
Profit type:
Discretionary Earnings
Price and terms
Price:
$2,300,000