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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1 Million Riverview, FL 33578

3,600 SF Built 2023
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2023
Total area 3,600 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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