Property Details for 1 Million

Year built

2023

Property size

3,600 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This thriving Riverview, Florida breakfast and lunch restaurant is a turnkey opportunity, priced at $360,000. Established in 2023, this 3,600 square foot eatery boasts impressive financials, projecting over $1 million in sales for 2024, with a net sales of $1,161,190.77 and an owner benefit of $44,145.88. The restaurant features 100 indoor seats and a large outdoor patio seating an additional 32 guests. A full bar adds to the revenue streams. The lease is long-term, with monthly rent at $13,482, and the current lease term options are 2 or 5 years. The sale includes a comprehensive inventory of equipment, including a walk-in cooler and freezer, two fryers, three flat tops, a cappuccino machine, and much more. The current operational hours are 6:30 AM to 2:15 PM, seven days a week, with a staff of 14 employees (4 full-time, 10 part-time). The restaurant is not a franchise and is located in a recently remodeled shopping center with high visibility. The seller is offering 14 days of training to ensure a smooth transition. The reason for selling is personal. This is an exceptional opportunity for an experienced restaurateur to step into a profitable, established business or for a new owner to take the reins of a well-equipped and successful operation. The current concept is easily maintained or can be adapted to a new vision. Expansion opportunities exist, particularly in the cocktail program. Inventory is not included in the asking price. Seller financing is not available.

Location Insight

City

Riverview

County

Hillsborough

State

Florida

Longitude

-82.3343

Latitude

27.8874