Breakfast, Lunch and dinner

Spring Hill, FL

Seller Financing Available

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Asking Price:$225,000
Gross Revenue:$600,000
Rent:$3,000
Established Year:2004
Cash Flow:$160,000
Inventory:$5,000
FF&E:$95,000
BUSINESS DESCRIPTION

Fully equipped, proven concept restaurant. All is in excellent condition. Seats 46 inside and has a small patio in front of the entrance. Has beer and wine. The sq footage includes a storage unit in the plaza. Everything in the storage area is included. Took it over early this year and has quadrupled the business. Presently doing $12-13,000 a week and net about $3,000 a week after all expenses. and the season hasn't started yet. That starts after the holidays. More cash flow if it was run by a team. This would be an excellent opportunity for a husband and wife/family business. It's only him plus employees but he works his butt off. Large walk in cooler/freezer. Seller is willing to finance with a $135000 down. Seller will verify the sales and the cash flow stated below, but only after an acceptable offer is drafted up with a good faith deposit. This is an excellent opportunity with low rent and no competition. It's all upside. He's done all the hard work. Rent is $3,000 fixed for the next 4 years. 8-3 Mon, 8-8 Tues-Sat and Sunday 8-3. Seller paid 6 months deposit for prepaid rent on the back end that needs to be reimbursed that's not included in the asking price. .


DETAILED INFORMATION
Location
Spring Hill, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
01/01/2029
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All equipment is in excellent condition
Competition
Very little
Growth & Expansion
Awesome if family owned. Catering and extra space.
Financing
3yr and 8% interest on the balance
Support & Training
30 days included
Reason for Selling
Family issues force the sale.
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Dave Tomeo
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Dave Tomeo