Great Restaurant Rated Four Stars

Palm Harbor, FL (Pinellas County)

Seller Financing Available
Great  Restaurant Rated Four Stars

Asking Price:$120,000

Cash Flow:$85,000

Gross Revenue:$350,000

EBITDA:N/A

FF&E:N/A

Inventory:$2,000*

Rate/Sq. Ft.:N/A

Established:1976

*not included in asking price.

Great Restaurant Rated Four Stars

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Business Description

This is a family run business started by the owners parents 40 years ago.The menu is true southern fare. The son who runs it now has been there 19 years and is ready for a change. All recipes will go with sale. New 15 year lease is in place with rent at $2691 all for the next 3 years then 3% inc. every three years.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,650
Lease Expiration:
9/4/2031
Employees:
7
Facilities:
60 seat establishment with and additional 50 seats outside. Parking is ample and the neighborhood is very good. The facility is in excellent condition with a large kitchen.
Support & Training:
will stay one mth
Reason for Selling:
Changing direction

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Edward Arnold

Business Listed By:
Edward Arnold

Arnold & Arnold

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