1 Million Lithia, FL 33860
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1 Million
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This thriving Lakeland, Florida BBQ restaurant is offered for sale at $399,999. Boasting over $1,013,581.99 in gross revenue and a remarkable cash flow exceeding $242,836.56, this turnkey operation presents a unique opportunity for an ambitious entrepreneur. The restaurant features a fully equipped kitchen, including wood fire smokers, fryers, a walk-in cooler/freezer combo, and extensive prep equipment. With 58 indoor seats and a well-established customer base, this business benefits from a strong reputation for quality food and service. The current owner will provide two weeks of training to ensure a smooth transition. The sale includes all equipment, recipes, and a liquor license for beer and wine. The monthly rent is $9,300, and the business is currently fully staffed. The seller's reason for selling is retirement. This is an asset sale, not a franchise, and there is no seller financing available. The restaurant's location in Polk County, Florida (zip code 33860) offers a unique opportunity in a market lacking similar competition. The business is easily managed and ready for a new owner to step in and continue its success. This is a rare opportunity to acquire a profitable, established restaurant with a proven track record.
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
- Lithia
- County
- Polk
- State
- Florida
- Longitude
- -82.0189
- Latitude
- 27.7647
