000 In Sales! Groveland, FL 34736
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 000 In Sales!
- Year built
- 2021
- Property size
- 1,410 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This established Lake County, Florida restaurant is a prime investment opportunity, priced at $175,000. Boasting projected 2024 sales nearing $900,000 and owner earnings exceeding $80,000, this 1,410 square foot eatery offers a fully equipped kitchen, a fully trained staff of 11 employees (5 full-time, 6 part-time), and a beer and wine license. The current lease, at a favorable rate of $2,800 per month, expires in January 2025, with a potential 10-year renewal option. Operating hours are Monday-Tuesday 7am-3pm, Wednesday-Saturday 7am-8pm, and Sunday 7am-2pm. The restaurant enjoys high visibility on a major roadway, benefiting from its proximity to new residential developments and other local businesses. The spacious layout includes both indoor and outdoor seating, with an oversized patio ideal for events or live music. Extensive equipment is included, ranging from a 6-burner gas range and flattop griddle to a POS system (Clover) with multiple handhelds and printers. The seller is providing training, ensuring a smooth transition for the new owner. The real estate is available for separate purchase, presenting an exceptional opportunity to own both the business and the property. The reason for selling is personal.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Groveland
- County
- Lake
- State
- Florida
- Longitude
- -81.9098
- Latitude
- 28.479
