Tampa Fl Over 1.2 Million In Sales Tampa, FL 33637

Property Details for 0 Tampa Fl Over 1.2 Million In Sales

Property type

Retail properties

Property subtype

Restaurants

Description

This thriving bar and grill, located in Temple Terrace, Florida (zip code 33637), presents a unique opportunity for a seasoned restauranteur. Boasting over $1,284,818.20 in gross revenue and a healthy cash flow of $100,064.42, this well-established business is ready for new ownership. The current lease extends until December 31, 2028, with options for renewal in January 2029, including one five-year option. The business, established in 2010 and renovated in the same year, benefits from a loyal customer base and a full team of 14 employees, ensuring a smooth transition for the new owner. The sale includes all equipment, fixtures, and the established brand, eliminating the need for franchise fees. Extensive equipment is included, encompassing a full bar setup with 20 beer taps, a POS system, security system, kitchen equipment (including multiple refrigerators, freezers, ovens, fryers, and prep tables), dining furniture, and more. The 130-seat establishment also features a patio. The current owner is retiring, providing a turnkey operation with significant growth potential, particularly in the catering sector, which is already showing promising results. The monthly lease rate is $9,800. This is an asset sale, and seller financing is not available. The business has been operating successfully for over a decade, building a strong reputation within the community. While new developments are emerging nearby, the business has thrived for over 12 years, demonstrating its resilience and market position.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Longitude

-82.3615

Latitude

28.0344