Turn Key Restaurant in Clearwater

Clearwater, FL (Pinellas County)

Seller Financing Available
Turn Key Restaurant in Clearwater
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Asking Price: $299,000

Cash Flow: $210,000

Gross Revenue: $1,060,000

EBITDA: N/A

FF&E: $150,000

Inventory: $5,000*

Rent: $7,700 /Month

Established: 1993

*not included in asking price.

Turn Key Restaurant in Clearwater

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Business Description

REDUCED PRICE BY $100,000 FOR QUICK SALE.
OWNER FINANCING AVAILABLE TO QUALIFIED BUYER.

Franchise agreement with IHOP expires on March 2019 due to change in policy of IHOP. IHOP is currently reducing the number of franchisee and increasing number of corporate owned business.

Business Established over 25 Years ago. Facility fully renovated in 2015, seating approximately 169. Great opportunity for owner operator who has energy to work more hours.

Rents: Modified Rents based on Gross Sales

Current Opening Hours: Sunday to Thursday: 6AM to Midnight, Friday and Saturday: 24Hours.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,424
Lease Expiration:
1/31/2024
Employees:
20+
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,424 SF. Fully Renovated in 2015. Seating approximately 169. Ample Parking. Corner Lot next to Hotel at Very High Traffic Frontage Road of US Hwy 19 N in Clearwater, Florida.
Growth & Expansion:
Opportunity to grow with adding other services. Able to save over $90,000/year franchise fee current owner is paying after IHOP franchisee agreement expires in March 2019. The Buyer can change to any types of restaurant.
Support & Training:
Seller will provide two (2) weeks (Mon - Fri), 8 hours per day, after closing.
Reason for Selling:
Retirement. Health Issue.
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(from currently available funds)
 
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Sun Young

Business Listed By:
Sun Young

Young Commercial Investment Inc.

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