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Property profile

0 Restaurant Business For Sale Sarasota Equipment And Lease $59 999.00 Sarasota, FL 34233

OFF-MARKET
Retail properties & Spaces
Built 2011
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Property summary

AI-generated overview

This established Sarasota restaurant, operating since 2011, presents a unique opportunity for immediate ownership. Priced at $59,999, this turn-key business boasts a strong local reputation and loyal customer base, built over a decade of success. Currently operating Tuesday-Sunday, 4:30 PM - 9 PM, the limited hours offer significant potential for growth through expanded operating days and hours, or the introduction of delivery services. The business generates a gross revenue of $213,562 and a cash flow of $60,180. The sale includes a comprehensive inventory of equipment, including a 15 ft hood, 10 ft hood fryer, char broiler, 5 ft flat top salamander, 4-burner stove, double door convection oven, soup well, microwaves, dishwasher, triple bay sink, heat lamp, scale, food processor, walk-in cooler, walk-in freezer, mixer, smallwares, prep tables, steam table, ice maker, soda machine, chest freezer, tables, chairs, flatware, service ware, store decor, and high chairs. The restaurant has indoor seating for 35 patrons and ample parking. Seller financing is available, and the seller will provide fourteen days of training at no cost. The current lease is month-to-month at $3500, with a new lease provided to the buyer. This is a fantastic opportunity to acquire a profitable, established business with significant upside potential. The seller is retiring, creating this immediate opportunity for a new owner. The restaurant is not a franchise. Inventory is not included in the asking price.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2011

Cap rate & NOI

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

Location

Restaurant Business For Sale Sarasota Equipment And Lease $59 999.00 Sarasota, FL 34233
Sarasota 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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