Breakfast & Lunch in Opportunity Zone/Seminole Heights

Tampa, FL
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Asking Price:$175,000
Gross Revenue:$379,788
Rent:$5,000
Established Year:1975
Cash Flow:$100,298
Inventory:$5,000
FF&E:$75,000
BUSINESS DESCRIPTION

Seller is motivated and says bring all offers. Real Estate option is available at market rate. This is a great opportunity to own a 50 year old established neighborhood breakfast and lunch business located in an Opportunity Zone and one of the bright real estate areas of Seminole Heights. This seller has had it for the last 15 years and is ready to fully retire. Used to do 7 days a week and it still should be. Health and wanting to retire have slowed him down. Equipment is in very good condition. This is an excellent family opportunity. This is the kind on neighborhood business that you see the same customers day after day. There is extra income because of the size of the property. U Haul($30,00 a year) and lottery($4,500 a year). Those incomes are included in the total sales. A lot up upside in the neighborhood growth. Restaurant seats 72. Depending on how hard a family wants to work doing dinner or 24 hours is a natural area for growing the brand. How many people can say they own a 50 year old landmark restaurant?


DETAILED INFORMATION
Location
Tampa, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,800
Lease Expiration
31/12/2029
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Free standing building in opportunity zone. Fully equipped restaurant . Real estate is available at Market value for the neighborhood.
Competition
It's located on a very busy road with plenty of visitors and locals from the neighborhood. to add dinner would be what the neighborhood is missing.
Growth & Expansion
More days and longer hours with dinner is a no brainer for the right family and restaurant experience. Absolutely the perfect family opportunity. One in the back and one running the front is the way to go.
Financing
Make him an offer and let see what happens.
Support & Training
2 weeks, more if necessary
Reason for Selling
Retirement
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Dave Tomeo
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Dave Tomeo