Business For Sale

Pizza Restaurant Plus Strip Center

Not Disclosed, FL
Hillsborough County


Asking Price: Annual Revenue:
$2,990,000 $1,194,123

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Pizza Restaurant Plus Strip Center Broker: Dan Gore
Owner Financing is Available!
$650,000 down / $2,340,000 for 360 mos. @ 5.%

Quick Facts

Asking Price: $2,990,000
Annual Revenue: $1,194,123
Net Profit: Not Disclosed
Cash Flow: $385,488
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: $2,440,000
Year Established: 1981
Employees: 24
BBN Listing #: 78354955
Broker Reference #: 1033-13821

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Business Overview:

Italian Restaurant + Office Building + open lot within view of the ocean included. Beautiful area. Building/restaurant package includes 11 separate offices/tenants each paying monthly rents. 4-COP restaurant seats 300 to 350 and is a well known/loved eating place in this town. Great invest/retirement opportunity as property values expected to rise quickly in this area. Owner financing, offering at $650,000 down. Commercial property loans may also available for strong buyers, for potentially lower down and 18 years. Ongoing restaurant income plus tenants rental income pays off this investment property near ocean.

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Property Features and Assets:

This package for sale includes the rental offices in the building. There are 11 separate office spaces which collect around $11,000 rent per month. The rents are low and not locked into a long lease. This gives the next owner flexibility to lock in longer leases or choose to level the building and upgrade the space for best-use. Best use may be high-end rental spaces, two-story building with additional Starbucks or other type of franchise here. There is also an added empty lot area on the east side of the property that is included. Assets Total: $2,540,000.

Market Competition and Expansion:

Restaurant is a regular local hang-out of many years -- called an enjoyed "fixture of this community". Many customers would love to continue to eat here, as there are not a lot of near-by restaurants for this type of food, in this ocean bay coastal town. Great potential to grow. For the restaurant, add delivery for the pizza. For the real estate, a buyer may prefer to eventually level it and develop a high-end facility that matches the buildings all around it and then easily raise the rent significantly. Perhaps add a known food franchise or upgrade current Italian themed restaurant. Many older customers love the restaurant and its older décor.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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