MergerPlace

Family Style Restaurant

Florida (Hillsborough)


  • Asking Price: $999,900
  • Gross Income: $1,045,227
  • Cash Flow: $305,079
  • Real Estate: $350,000
  • Inventory: $7,000
  • FF&E: $80,000
  • Listing ID: #196855
  • Established: 1963
  • Employees: 14 FT/ 5 PT

Business Description

Longest established home-style family restaurant in town, located in nice historic district. Mostly absentee run. Buyer could replace one of three managers for additional $30K addback. Seats 140. Solid tax returns & track record. Price includes building, parking lot and business. Very solid staff in place for many years. Turn-key --- don't mess up the formula. Loyal clientele over decades frequent this diner. Lender pre-qualified. Low down payment for experienced restaurant operators with decent credit.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Hillsborough

Company Information

Year Established: 1963
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14 FT/ 5 PT

Financial Information

Asking Price: $999,900
Gross Revenue: $1,045,227
Cash Flow: $305,079
FF&E: $80,000
Inventory: $7,000
Real Estate: $350,000
Seller Financing Available: No

Property Information

Facilities:

2600 sq feet space in Strip center. Non stand-alone plus parking section included in sale of real estate.

Reason for selling:

Other business interests.

Support & Training:

Will train for 2 weeks @ no cost. Basic business license needed. Buyer should have restaurant operation experience.

Contact Business Seller

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Business Listed By:

Dan Gore

Murphy Business Brokers