For Sale
$99,000

Placid Cafe and Diner for Sale- Great Kitchen with Large Hood Lake DrLake Placid, FL 33852

Established diner, prime location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
125
This thriving Lake Placid, Florida diner, built in 2021, presents a fantastic opportunity for ownership. Boasting 2,500 square feet of space, the fully equipped restaurant includes a large commercial kitchen with a substantial hood system, walk-in refrigeration, and a comprehensive array of equipment. This includes tables, chairs, booths, a POS system, a three-compartment sink, flat-top grill with oven, six-burner stove with oven, two-basket fryer, steam table setup, and ample smallwares, pots, pans, stainless steel tables and shelving. Currently operating from 11 am to 3 pm, the business has significant growth potential by expanding hours to include breakfast and dinner service, catering, and event hosting within its spacious dining area. The lease expires May 31, 2026, with options to renew. The current monthly lease rate is $4,600. The business benefits from a loyal customer base and high foot traffic due to its location on a main road in a town known for antique shopping, surrounded by residential areas, businesses, and a local college. The seller is offering some financing and two weeks of training to a qualified buyer, providing a smooth transition and sharing established recipes. Three employees currently support the operation. The asking price is $99,000. This turnkey operation is ready for a new owner to capitalize on its existing success and unlock its considerable expansion potential.

Highlights

  • Lake Placid, FL diner built in 2021, 2,500 sq ft, asking $99,000.
  • Leasehold interest; $4,600/month, expiring May 31, 2026, with renewal options.
  • Fully equipped kitchen including hood system, walk-in refrigeration, and all cooking equipment.
  • Includes all furniture, fixtures, and equipment (FF&E), including POS system.
  • Seller offering some financing and two weeks of training.
  • Currently operates limited hours (11 am - 3 pm), significant growth potential by expanding hours and services.

Property Details for Placid Cafe and Diner for Sale- Great Kitchen with Large Hood Lake Dr

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Year Built
2021

Location Insight

City
Lake Placid
County
Highlands county
State
Florida
Latitude
27.2930999
Longitude
-81.3628502
Placid Cafe and Diner for Sale- Great Kitchen with Large Hood Lake Dr, Lake Placid, Florida

FAQs

What type of property is this?
Retail property - Established diner, prime location, high potential.
Where is the retail property located?
The property is located at Placid Cafe and Diner for Sale- Great Kitchen with Large Hood Lake Dr Lake Placid, FL.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Lake Placid, FL diner built in 2021, 2,500 sq ft, asking $99,000.; Leasehold interest; $4,600/month, expiring May 31, 2026, with renewal options.; Fully equipped kitchen including hood system, walk-in refrigeration, and all cooking equipment.
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Placid Cafe and Diner for Sale- Great Kitchen with Large Hood Lake Dr
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