Successful, High Volume Restaurant For Sale

Tampa, FL (Hillsborough County)

Seller Financing Available
2018 YTD sales compared to previous years
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Asking Price: Get Financing: $749,000

Cash Flow: $325,000

Gross Revenue: $2,150,000

EBITDA: N/A

FF&E: $185,000

Inventory: $15,000

Lease Rate: $30.50 /Month

Established: 2009

Successful, High Volume Restaurant For Sale

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Business Description

Tremendous Opportunity For Experienced Restaurateur/Caterer

Located in the heart of South Tampa on one of its busiest streets, and surrounded by densely populated high-income neighborhoods, this very successful restaurant and caterer has been in business for nine and a half years. The sale includes all inventory and FF&E, including a fully decked out commercial kitchen with several new pieces of equipment, a modern build-out, and a POS system with integrated web and mobile ordering that is extremely popular with its large and loyal customer base. (The restaurant does an average of $10K in sales a week in web and mobile orders alone.) The restaurant has grown almost entirely through word-of-mouth, so the upside potential is huge with respect to growing sales through marketing, advertising and social media. Hundreds of the same corporate catering and residential customers order consistently every week. The operation essentially runs itself, with owner involvement of less than 20 hours per week. One tremendously valuable asset is the loyal staff, with multiple levels of management, and very low turnover (particularly among the managers), most of whom have been with the restaurant for two to five years. Another big selling point is the restaurant's outstanding reputation, both in the community and online, with an average rating of 4.5 out of 5 stars and well over 100 reviews on all of the major review sites, including Google, Yelp and Facebook. The sellers are looking for an experienced restaurant professional to take the reins and either sit back and enjoy the current high level of success, or preferably grow the business to multiple locations and/or franchise. While the restaurant is independent, the owners have received dozens of requests for more locations around the Tampa Bay area. The logo, uniforms and build-out are crisp, clean and ideal for franchising if the new owner wishes to pursue growth. If you are looking to buy an established, successful restaurant in the Tampa Bay area with huge upside potential, you will not find a better opportunity than this.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,030
Lease Expiration:
8/16/2023
Employees:
40
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
42 seats, including a bistro-style outside dining area with the feel of a sidewalk cafe. The operation and workflow are masterfully built for catering and delivery, which comprise approximately 75% of sales. The organized, spacious kitchen is roughly 1,200 sq ft with ample storage. The current lease term expires in 2023, with an additional five year option to extend through 2028.
Competition:
Prime location in the heart of South Tampa. Although there are plenty of restaurants in the area, this concept is unique in that there is no other restaurant in the local South Tampa market or in the entire Tampa Bay area with comparable menu offerings that is specifically geared toward catering and delivery, but also does a flourishing dine-in business as well.
Growth & Expansion:
Built to grow to multiple locations for the same owner, or via franchising
Support & Training:
One month on site, and six months via phone and e-mail
Reason for Selling:
Owners are starting a new business in a different industry
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Business Listed By:
Not Disclosed

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