See Similar Listings

Long Standing Turnkey Restaurant For Sale

Tallahassee, FL
Dining Area
Asking Price:$599,000
Gross Revenue:$870,000
Cash Flow:$230,000
FF&E:$200,000
Listing ID: 2104914Listing provided by BizBuySell
BUSINESS DESCRIPTION

This Turn-Key restaurant has been owned and operated for several years and continues to grow after surviving relocation and the COVID shutdowns. The business is owner-operated with assistance of staff. Business is turnkey operation with little to no down time required during ownership transition. Serving breakfast and American fare in an upscale diner setting. Space is leased with 8 years remaining with 2 - 5 year options. Sale includes all contracts, service agreements, assets, and inventory (Inventory to be valued at time of sale). Seller agrees to provide 2 weeks of reasonable assistance for transition of ownership.

ATTACHED DOCUMENTS
OM.pdf Download
DETAILED INFORMATION
Location
Tallahassee, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,134
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Full kitchen with all seating, furniture and equipment being less than 2 years old. Asset list can be made available after fully executed Non-Disclosure Agreement is active.
Competition
Business is the only one of its kind for miles. Competition would include ihop, dennys, or waffle house. None of which are within the immediate radius.
Growth & Expansion
Growth or expansion would limited unless an additional location was built/established. Strong name/brand recognition would generate a great deal of support for any additional or satellite locations.
Support & Training
2 weeks of reasonable support from seller to assist with transition of ownership.
Reason for Selling
Seller wishes to retire
Report an Issue with this listing
profile-img
Aboud
Jaber
logo-img
Phone Number
Aboud Jaber
Call Phone