Tampa Bay Area American Restaurant

Not Disclosed, FL
Pinellas County


Asking Price: Annual Revenue:
$3,200,000 $3,683,065

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Tampa Bay Area American Restaurant Broker: Mike Shea
Owner Financing is Available!
Loan/Seller - Amount: $2,541,000 Months: 120 Rate: 7.50% Monthly Payment: $30,162.12

Quick Facts

Asking Price: $3,200,000
Annual Revenue: $3,683,065
Net Profit: Not Disclosed
Cash Flow: $793,485
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 43
BBN Listing #: 5780630
Broker Reference #: 2301474404

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Business Overview:

When Looking for a Great Restaurant you have a check list: Multiple Decades X, Great Employees X, High Traffic Location X, Great Books & Records and everything else you would need to a successful breakfast, lunch, and dinner restaurant. Strong history of multiple decades of operation. Retirement and downsizing driving the sale. This is the perfect restaurant for a family operation or run as is with this semi-absentee structure and continue to benefit from the strong financial performance this restaurant produces. Business is in Free Standing Building with plenty of parking to high seasons of tourists and snow birds. Located in the greater Tampa Bay area which is seeing enormous growth the future is bright with this opportunity. Highly Confidential. Buyer must produce PFS and NDA.

2022 Financials Annualized from May results. Please refer to listing #2301-474404 and advisor Mike Shea when inquiring.

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Property Features and Assets:

Lease/Month: $20,000; Square Footage: 3,594; Building Type: free standing; Terms & Options: 5 year renewal; Expiration Date: 1/31/2026.

Reason for Selling:

Discuss

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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