Florida Business Broker - Tampa Florida - Buying and Selling Businesses In Florida

Listing Information

Legacy American Restaurant - Free Standing Building
Listing ID: 3037	Location: Eastern Hillsborough (Tampa Bay) - Florida
Brief: This darling family restaurant is a favorite spot for local diners. Beloved for 3 decades, customers are sure to be satisfied with the great home cooked country style food served daily M-Sun 6am till 3pm.

Listed Price:

$49,000

Total Sales:

$185,000.00

Seller's Discretionary Earnings:

N/A

Fixtures Furniture, & Equipment:

$75,000.00 (Included in Listing Price)

Real Estate:

$0.00

Inventory:

$1,000.00

Financing / Terms:

Make an offer

Business Information

Year Established:

1979

Number of Employees:

0 Full Time / 4 Part Time

Days and Hours of Operation:

7 days a week ( can you make it what you want)

Relocatable:

Franchise Information:

Not a franchise

Facilities / Location:

You can find a large commercial Freezer, walk in coolers, new AC units-which are maintained by landlord; a extra large storage shed on property, new well pump with maintenance contract, mail box out front of property, a cash register upfront in easy access for wait persons. A kitchen pass through for waitress convenience, monthly pest control (at low cost), and all gas efficient equipment helps this owner save money. Electrical wiring completely replaced and higher efficiency lights illuminate the kitchen. Coffee service provides free brewing machines; dishwashing machine is leased and maintained locally. Restaurant located on main thoroughfare near bustling shopping center. Cutely country painted building stands out and above its competition and a local landmark

Lease Information

Lease Expiration Date:

12/31/2011

Option:

yes

Monthly Rent:

$2,800.00

Additional Information

Reason for Selling:

Owner not able to work in business.

Business Description:

Great opportunity! Lots of cash! Owner does not work in this business. Owner believes a working owner could improve management and control cash flow which is now being run by employees. This is a great opportunity for someone comfortable with food service and lots of loyal customers. Working owner will also be able to reduce labor costs. Situated on a main thoroughfare near a bustling shopping center and delightfully decorated, this spacious eatery can accommodate a large crowd both inside and out, with plenty of room for parking. With its newly refurbished kitchen equipment, and some creative cooking, the already expansive menu could be modified or added to, increasing the customers who may like to take a taste of new and innovative cooking styles.

Potential for Growth:

There is plenty of potential for growth, additional menu items, pricing, new or extended hours, catering and food to go trends could be easily accommodated from this facility with its large storage shed and extra large walk-in freezers and coolers. Newly installed US Postbox out front helps to expedite mailings and delivery of invoices. Increasing vendors and services or even the addition of a liquor license could increase sales and customer base. New owner could streamline number of employees and take over full time which will increase bottom line & revenues. Also great for someone looking to add or move their catering business.