Business For Sale

Very Popular Cuban Restaurant Large Sales Volume!

Tallahassee, FL
Leon County

Capital Circle NE. , high traffic volume

Asking Price: Annual Revenue:
$95,000 $325,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Very Popular Cuban Restaurant Large Sales Volume! Broker: Seller of Business

Quick Facts

Asking Price: $95,000
Annual Revenue: $325,000
Net Profit: $25,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 4
BBN Listing #: 426955991
Broker Reference #: Not Disclosed

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Business Overview:

The Most Popular Cuban Restaurant in Tallahassee since 1998! Owners retiring after 80+ combined years in the business. Currently has limited service style that can also easily convert to full service and alternative menus. Sales average over 325k per year with excellent owner annual income of approx. 75k. Historically run as Mom and Pop with minimal employees. All equipment included, current beer and wine license can be transferred to new owner. Lease based location, good tenant/property owner relationship. New owners can expect good return on investment immediately. Owner willing to remain and train on daily food prep and service up to 14 days after sale to ensure smooth transition.

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Property Features and Assets:

Located in popular strip mall on extremely high trafficked major road. Approx. 1500 sq.ft with indoor and outdoor seating and high take out volume. Dedicated parking spaces for customers plus large parking lot. All equipment for daily production and physical fixtures includes booths, tables, carpeting, Hood and fire system, freezers, refrigeration, five sinks, grease trap, shelves, work tables, stove, grill, fryer, sandwich press, slicer, three air conditioners, ceiling fans, among others. All in good daily working condition.

Market Competition and Expansion:

Tripadvisor ranking of #40 for over 400 lunch and #54 for more than 660 total restaurants in the Tallahassee area. Competitive business style with limited service and large volume take out. Area location encompasses large number of professional offices and businesses that choose this restaurant over others due to competitive pricing and good food. Endless potential for franchising within Tallahassee and throughout Florida, etc. for the right owner.

Reason for Selling:

Owners retirement

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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