For Sale
$360,000

1 Million Riverview, FL 33578

Profitable Breakfast & Lunch Spot

Overview

Added:
Dec 11, 2024
Days on market:
136
This thriving Riverview, Florida breakfast and lunch restaurant is a turnkey opportunity, priced at $360,000. Established in 2023, this 3,600 square foot eatery boasts impressive financials, projecting over $1 million in sales for 2024, with a net sales of $1,161,190.77 and an owner benefit of $44,145.88. The restaurant features 100 indoor seats and a large outdoor patio seating an additional 32 guests. A full bar adds to the revenue streams. The lease is long-term, with monthly rent at $13,482, and the current lease term options are 2 or 5 years. The sale includes a comprehensive inventory of equipment, including a walk-in cooler and freezer, two fryers, three flat tops, a cappuccino machine, and much more. The current operational hours are 6:30 AM to 2:15 PM, seven days a week, with a staff of 14 employees (4 full-time, 10 part-time). The restaurant is not a franchise and is located in a recently remodeled shopping center with high visibility. The seller is offering 14 days of training to ensure a smooth transition. The reason for selling is personal. This is an exceptional opportunity for an experienced restaurateur to step into a profitable, established business or for a new owner to take the reins of a well-equipped and successful operation. The current concept is easily maintained or can be adapted to a new vision. Expansion opportunities exist, particularly in the cocktail program. Inventory is not included in the asking price. Seller financing is not available.

Highlights

  • Asking Price: $360,000 for this established breakfast and lunch restaurant.
  • Leasehold Interest: 3,600 sq ft space, built in 2023, with a lease term offering options for 2 or 5 years. Monthly rent is $13,482.
  • High Sales Volume: Projected to exceed $1 million in sales for 2024, with $1,161,191 in gross revenue and $44,146 in owner benefit.
  • Turnkey Operation: Fully equipped with all necessary restaurant equipment, including a full bar, and seating for 132 (100 inside, 32 patio). 14 employees currently in place. Seller will provide 14 days of training.
  • Prime Location: Riverview, FL (33578), in a high-traffic area with strong potential for growth. The restaurant is currently open 6:30 am - 2:15 pm, seven days a week.

Property Details for 1 Million

Property type
Retail properties, Restaurants
Square Feet
3,600 SF
Year Built
2023

Location Insight

City
Riverview
County
Hillsborough
State
Florida
Latitude
27.8873926
Longitude
-82.3343375

FAQs

What type of property is this?
Retail property - Profitable Breakfast & Lunch Spot
Where is the retail property located?
The property is located at 1 Million Riverview, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Asking Price: $360,000 for this established breakfast and lunch restaurant.; Leasehold Interest: 3,600 sq ft space, built in 2023, with a lease term offering options for 2 or 5 years. Monthly rent is $13,482.; High Sales Volume: Projected to exceed $1 million in sales for 2024, with $1,161,191 in gross revenue and $44,146 in owner benefit.
How can I contact the broker?
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1 Million
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