$2 Million + Seafood & American Restaurant - Growing Every Year!

Tampa, FL (Hillsborough County)

Scallops
Contact Seller

Asking Price: $849,000

Cash Flow: $290,000

Gross Revenue: $2,340,000

EBITDA: $200,000

FF&E: $20,000

Inventory: $18,000

Rent: $12,000 /Month

Established: 2002

$2 Million + Seafood & American Restaurant - Growing Every Year!

Save Print Share Valuation Report

Business Description

This is a unique opportunity to acquire a very well branded and multiple award-winning 15-year-old Seafood Restaurant in Tampa Bay. Sales have been consistently growing sales year after year. Incredible food and unique recipes transfer with the ownership. Indoor and outdoor seating and bar area make this a very comfortable and popular yet classy neighborhood gathering place. 230 seats! There is an eight-year lease in place so you can enjoy operating and growing this restaurant even further. Well managed restaurant with a strong reputation and good employees allows you to smoothly take over the business. Good quality point of sale system and operating procedures established so you can smoothly take over the restaurant.

Detailed Information

Location:
Tampa, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
1/1/2027
Employees:
40
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Eight-year lease remaining and seating for 230 both indoor and outdoor. Interior 4000 sq ft + 2000 sq ft. Outdoor Patio for a total of 6,000 Sq Ft. Well established and maintained restaurant with many regular local and repeat customers. Business is located within a "walking" community so many customers can walk from their homes. This upscale seafood restaurant is a popular destination integrated into a neighborhood as a popular gathering spot with a steady stream of customers.
Competition:
A unique location and 16-year reputation make this a stellar opportunity with their very high consumer ratings and integration right into an outdoor shopping area and walking neighborhood.
Growth & Expansion:
Could extend hours/days of service to include breakfast.
Support & Training:
The owner is a very experienced restaurant owner and has excellent records, books, and operating procedures. The owner is happy to provide two-week of complimentary training and help coach you through the transition. Additional transition training and mentoring can be negotiated if you’d like to have his expertise.
Reason for Selling:
Owner has moved and moving towards semi-retirement.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Edward Valaitis

Business Listed By:
Ed Valaitis

Edison Avenue

Show Phone Number

View My Listings


Sponsoring Broker:
Eric Gall

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1643051 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Wings Etc.

Franchise Opportunity In FL
Capital Required: $350,000