Property profile

000 In Sales! Groveland, FL 34736

OFF-MARKET
Retail properties & Spaces
1,410 SF Built 2021
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 1,410 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

000 In Sales! Groveland, FL 34736
Groveland metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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