Iconic American Family Restaurant in Hillsborough!

Not Disclosed, FL
Hillsborough County

Asking Price: Annual Revenue:
$249,000 $707,780

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Iconic American Family Restaurant in Hillsborough! Broker: Seller of Business

Quick Facts

Asking Price: $249,000
Annual Revenue: $707,780
Net Profit: Not Disclosed
Cash Flow: $121,149
Total Debt: Not Disclosed
FF&E: $12,807
Real Estate: Not Disclosed
Year Established: 1980
Employees: 18
BBN Listing #: 472332837
Broker Reference #: 95151042

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Business Overview:

40-year-old, iconic American Family Restaurant in Riverview FL for sale. Often described as "Cheers of Riverview". Very profitable and with million-dollar sales for many years. Excellent Internet reviews. Many repeat and loyal customers who used to come three times a day. Originally serving breakfast, lunch & dinner. New owner bought this restaurant in 2018 and due to family reasons was forced to limit operating hours and eliminated serving dinner. Currently serving only breakfast and lunch. The dinner can be added again for dramatic improvement in sales! Good reputation in the community. Very high Google ratings. Very low rent. May qualify for SBA loan and E-2 Visa. MOTIVATED SELLER! MAKE OFFER!!

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Reason for Selling:

Family Reasons

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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