High Volume 50's style Diner in Tampa/ Location, Location, Location.

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Very Low Rent/ 23 year lease/ A Goldmine- Cashcow
Asking Price:
$595,000

Gross Revenue:
$1,182,782
Cash Flow:
$295,788
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

FF&E:
$200,000
included in asking price

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Business Description

A True 1950's Style New York Diner located in the heart of Tampa, FL, in an intersection of 70,000 cars/day. Small easy to operate 24 hour Diner just keeps growing . Stand alone Icon of the city and talk of the town.Very low rent with a straight 23 year lease left. Low Operating cost. New owner will see more and more cashflow from continuous growth of this business. Sellers have no choice but to sell for personal reason, but this kind of Restaurant is a once in a lifetime opportunity. Call Owner to find out more, This would not last .

About the Business

Location:
Tampa, Florida
Year Established:
1979
Number of Employees:
20
Real Estate:
Leased
Building Sq. Ft.:
3,400
Rent:
$4,540.00 Per Month
Lease Expiration:
7/30/2041
Facilities:
Restaurant is beautifully designed as a real authentic 50's style Diner. Beer and wine license in place.
Market Outlook/
Competition:
Location, Location, Location. The Diner is surrounded by Residential, Commercial , night entertainments , very famous university. You can look up on Google earth to see.
Growth & Expansion:
Tampa Bay has so many people moving in from all over the country. So, the customer base and business will continue to grow. Business will double its volume in time even if you did not do anything else and just kept things as is. Call : 813-731-0397 or send text message with your info to find out more about this business.
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About the Sale

Reason For Selling:
Family member that was supposed to oversee the Restaurant got very sick
Training/Support:
Seller will offer support for 2 weeks and more if needed.
Seller Financing:
Price reduced for a qualified cash buyer/ Never see a goldmine at this price

Listing Info

ID:
1458027
Ad Detail Views:
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