Restaurant for Sale - Great Rent and Small outdoor seating! Ormond Bch, Ormond Beach, FL 32174
- Retail properties & Spaces
- 1,800 SF
Current Use by Public Records
- Retail properties & Spaces
Property Details for Restaurant for Sale - Great Rent and Small outdoor seating! Ormond Bch
- Year built
- 2018
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This fully equipped 1,800-square-foot restaurant in Ormond Beach, Florida, is available for $99,999. Built in 2018, the space boasts a modern open floor plan, small outdoor seating, and a fully outfitted kitchen including a walk-in refrigerator, freezer, 8-foot hood system with fire suppression, and a variety of other high-quality equipment (full inventory list available). The current lease runs until May 30, 2028, with a monthly rent of $2625, inclusive of CAMs, taxes, and insurance. The restaurant previously operated as a Turkish and Mediterranean eatery, generating over $384,900 in sales in 2023 despite limited hours. The sale includes a beer and wine license. This prime location offers excellent visibility and accessibility, situated near homes and other businesses with minimal nearby competition. The property is ideal for a new owner to continue the existing concept or implement their own vision. While traditional SBA financing isn't available, unsecured lending options may be accessible for qualified buyers. Six employees currently work at the establishment. The seller is retiring. This is a rare opportunity to acquire a profitable, established restaurant without the lengthy and costly build-out process.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ormond Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.1858
- Latitude
- 29.289
