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.

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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


Photograph of Listing Agent

Rameena Stromer

Stromer Group, Inc. CE-FL Member
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