Indian Restaurant for sale in the Tampa Bay, Florida area for $390,000! Pre-approved for SBA financing with an estimated $41,202 down! Currently grossing an estimated $1,234,513 and nets $242,474. Restaurant has been built-out to accommodate and operate as an Indian Restaurant. Turnkey, move in ready! Includes all restaurant furniture and equipment. Seats 72 inside. Great location in a busy shopping plaza with other restaurants and retail stores. Plenty of opportunity to increase revenue.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is an estimated at $1,234,513.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Yes, this business has been pre-approved for financing of up to $348,798 (amount needed down is variable depending on buyer’s liquidity and credit score). Buyer must also meet the minimum SBA requirements for lending to include: a minimum credit score of 680 and relevant experience in the restaurant industry, or some type of previous management experience from another industry. View SBA loans or more Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. On average restaurant expenses usually include: payroll, payroll taxes, workers compensation, accounting, advertising, supplies, food, electric, property rental fees (usually includes water and garbage), permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms have 2 years remaining. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
Located in the Tampa Bay, Florida area. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Equipment list will be provided to qualified buyers.
What size and how many customers can this restaurant seat?
Restaurant is 2,545 sq. ft. and seats 72 inside.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
No, this restaurant does not offer a drive-thru but it does currently offer a delivery service.
How long has the seller owned the restaurant?
Seller has owned this business for 3 years.
Why is the owner selling?
Owner is relocating.
What are the hours of operation?
This business currently operates from 11:30am – 10:00pm Monday – Thursday, 11:30am – 10:30pm Friday and Saturday, and 11:30am – 10pm on Sunday.
What type of neighboring business are in the area?
Neighboring businesses include other restaurants, retail stores, and other businesses.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Restaurant has been built-out to accommodate and operate as an Indian Restaurant. Great location in a busy plaza. Priced to sell at $390,000 with all equipment and furniture included! For additional information and to evaluate this business more Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.