Restaurant Business for Sale

Business Opportunity for Sale
Catylist Listing ID: 30805632
Property Subtypes: Food and Beverage
Building Size (RSF): 4,566 SF
Sale Price: $299,900
Name of Establishment: Franks Restaurant
Year Business Established: 2014
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash
Last Updated: 6/30/2022

Overview / Comments

This high grossing Italian/American cuisine restaurant is one of the top 3 in the area. A very well-run sit-down restaurant, with a seating capacity of 150, a full bar, a two-service menu, and live entertainment on the weekend. Located in the Pasco County area, this turnkey operation with gross sales over 6 figures keeps climbing and is ready for a new owner. Business only for sale with all equipment, staff and manager staying on. Lease is transferrable to new owner. Owner is retiring and ready to start a new path. Call your agent today or my office to schedule a private showing.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $15,000
Value of Furniture, Fixtures, and Equipment ($): $45,000
Value of Real Estate Included ($): $0
Real Estate Lease Description: Triple Net lease, $4000 per month, Lease renewed 2021 for 5 years.
Employee/Labor Description: 4 cooks, 4 waitresses, 1 dishwasher, 1 cashier, 1 manager,
Mgmt/Training Support Description: Owner will stay for two weeks to train. Employees will stay on if asked.
Competition/Market Description: None, few in the area.
Growth/Expansion Opportunities: Adde delivery service, better web presence, add uber eats, door dash, etc.
Seller Financing Description: Owner will consider holding paper with 50% down payment.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 755 24,859 68,253
Median Age: 49.02 53.36 50.63
Households: 349 11,350 30,673

Contact

Photograph of Listing Agent

Rameena Stromer

Stromer Group, Inc. CE-FL Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Florida Gulfcoast Commercial Association of Realtors nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.