Upscale Restaurant with full bar service in West Pasco County, Florida area available for $459,000! Pre-approved for SBA financing with as little as $49,000 down (financing variable depending on buyer’s experience, liquidity, and credit score)! This is a great opportunity to purchase a fully built out and well established business currently grossing an estimated $926,396 and nets $125,803. Only one owner salary has been added back to the cash flow as an owner benefit – assuming multiple buyers another salary can be added as an owner benefit, bringing the net to $173,653! Sales have increased over 2017, 2018 and first quarter of 2019 due to repeat business and advertising. This restaurant is located in the middle of an area of explosive residential and commercial property growth. Restaurant is currently open for dinner only. Huge growth opportunity! This restaurant has the ability to serve full liquor, excellent reviews averaging 4.6 out of 5 stars from Google reviews. This is an opportunity to purchase a restaurant with the potential for sustained growth that can’t be missed!
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $926,396.
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 the restaurant?
Yes, this business has been pre-approved for financing of up to $410,000 (as little as $49,000 down is variable depending on buyer’s experience, 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. Current expenses for this owner include: payroll, taxes and licenses, workers compensation, advertising, supplies, food, utilities, property rental fees, repairs and maintenance, merchant fees, dues and subscription, 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 properties. Lease terms have 2.5 years remaining. New owner must be approved by the landlords. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in the West Pasco County, 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 just under 4,000 sq. ft. and seats 100 inside.
Does the restaurant currently have a beer or liquor license?
Yes, there is an SRX liquor license included in the sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service currently offered. However, delivery services such as Uber Eats, GrubHub and Door Dash could be utilized.
How long has the seller owned the restaurant?
Restaurant has been established for 5 years.
Why is the owner selling?
Seller is retiring.
What are the hours of operation?
This restaurant is operated from 5:00pm to 10:00pm Tuesday – Saturday and 5:00pm to 8:00pm on Sunday.
What type of neighboring business are in the area?
Neighboring properties are a mix of commercial businesses and retail stores, with the new retail businesses being built in the area!
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?
Opportunity to purchase a fully built out, operational restaurant in a great location. Restaurant has a loyal clientele and positive reviews. Includes all equipment. Plenty of opportunity to increase revenue! Priced at $459,000. For additional information and to evaluate this business further 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.