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. |
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 |
|
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