0 Restaurant For Sale In Leesburg - Owner Benefit $100 000Leesburg, FL 34789

Property Details for 0 Restaurant For Sale In Leesburg - Owner Benefit $100 000

Year built

1998

Property size (Sq ft)

1,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This thriving Leesburg restaurant presents a fantastic opportunity for a new owner. Priced at $199,999, this established business boasts a 1,500-square-foot space built in 1998, featuring 28 indoor seats and additional outdoor seating. The current owner enjoys an annualized benefit of $100,851, achieved with limited operating hours, indicating significant growth potential by expanding hours. The lease, valid until June 2029 with a renewal option, costs $2,500 per month, inclusive of all taxes. Ample parking is available. The fully equipped kitchen includes two 35lb deep fat fryers, a flat top grill, multiple refrigerators and freezers, a hood system with Ansul fire suppression, and a POS system. Included in the sale are all kitchen equipment, furniture (tables, chairs, bar stools), and even a Simply Safe monitored alarm system with cameras. The restaurant holds a beer and wine license and benefits from a loyal customer base. Seller financing is available, and the option to purchase the real estate may also be explored. Gross revenue for the year was $452,526. Seven employees currently support operations. The seller is motivated to sell due to health reasons. This turnkey operation is ready for immediate ownership and offers a strong return on investment.

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.7993

Longitude

-81.8875

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