000 In Earnings! High End Restaurant For Sale, Tallahassee, FL 32308
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.