000 In Earnings! High End Restaurant For Sale Tallahassee, FL 32308
- Retail properties
- 2,200 SF
Current Use by Public Records
- Retail properties
Property Details for 000 In Earnings! High End Restaurant For Sale
- Year built
- 2013
- Property size
- 2,200 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This established Tallahassee restaurant, built in 2013, presents a lucrative investment opportunity. Boasting 2,200 square feet of space, it generates over $220,000 in annual owner earnings on $1.2 million in annual sales. The lease, expiring October 31, 2026, offers a remaining term of five years at a monthly rent of $2,750 – significantly below market value. The restaurant features both indoor and outdoor seating for a total occupancy of 88 patrons. The fully equipped commercial kitchen includes a comprehensive array of equipment, including a hood system, multiple ovens, mixers, food processors, and ample storage. A well-stocked bar with a full liquor license adds to its revenue potential. The current operational hours are Tuesday through Saturday, starting at 5 pm, leaving room for expansion. The restaurant employs four full-time and eleven part-time staff members, providing a strong operational foundation. The sale includes all existing furniture, fixtures, and equipment, along with a substantial inventory of catering supplies. The seller is offering support during the transition, ensuring a smooth handover. This turnkey operation is ideally suited for an owner-operator or absentee investor seeking a high-return investment in a prime Tallahassee location. The restaurant's strong reputation and loyal customer base provide a solid platform for continued success and potential growth. The reason for the sale is personal.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2173
- Latitude
- 30.4805
