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0 Tallahassee Restaurant - Owner Financing At Favorable Terms! Call Now! Tallahassee, FL 32312

OFF-MARKET
Retail properties & Spaces
2,497 SF Built 2017
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Property summary

AI-generated overview

This established Tallahassee BBQ franchise is available for purchase, offering a unique opportunity for a new owner. Boasting nearly $1 million in annual sales and approximately $100,000 in net profit in 2023, this turnkey operation is a proven money-maker. The restaurant, located in a high-traffic area with excellent visibility, has been voted "Best BBQ in Tallahassee" for four consecutive years. The 2,497 square foot space features indoor seating for 76 guests and a fully equipped kitchen, including a smoker, fryers, and walk-in cooler. All equipment and furnishings are included in the sale price of $275,000. The current lease extends to December 30, 2026, with options for an additional 20 years, at a monthly rent of $9,287.49. The seller is offering favorable owner financing terms requiring 25% down. The business includes a thriving catering operation with a substantial client base and currently utilizes no third-party delivery services, presenting significant growth potential. Fourteen employees, including five full-time and nine part-time staff, are currently in place. Twelve weeks of training from the franchisor are included in the purchase price, along with a one-time transfer fee of $12,000. This is a rare opportunity to acquire a highly successful, established business with significant earning potential and long-term lease security.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2017
Total area 2,497 SF

Cap rate & NOI

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

Location

Tallahassee Restaurant - Owner Financing At Favorable Terms! Call Now! Tallahassee, FL 32312
Tallahassee 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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