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50 Year Old Plus Iconic Restaurant for sale in Polk County, FL

Polk County, Florida (FL)

Asking Price: Gross: Cash Flow:
$ 1,300,000 $ 1,530,464 $ 410,370

Furniture and Fixtures Value:
$ 100,000 (included in the asking price)

Inventory Value:
$ 5,000 (included in the asking price)

Real Estate:
(not included in the asking price)

Business Summary:
This decades old restaurant is an icon for the community it resides in. Outstanding customer loyalty that spans generations it is a community icon and destination for families returning to town. The choice for home cooking and comfort food it has an outstanding location, plenty of parking and seating of almost 100. Highly confidential, super clean books, Ownership works in management only limited hours it is a great investment opportunity or active ownership play for the experienced culinary pro. Highly Confidential. Brokers should instruct prospects as to importance of confidentiality. Please refer to listing 3353573228 and advisor Michael Shea when inquiring.

 

   
Year Business was Established: 1934
   
Number of Employees: Number of Employees 24 Nu  
   
Facilities / Terms of Lease: Type of Location Restaurant Facilities well maintained free standing restaurant with ample parking and high main road visability Monthly Rent $7,000.00 Square Units (Foot, Meter) 3,571 Lease Expiration Date January 31, 2029, 12:00:00 AM Terms Options negotiable  
   
Owner willing to finance: Other Financing Amount $1,040,000.00 Other Financing Interest 9% Other Financing Term Months 120  
   
Owner willing to train: Seller will train for 2 weeks at no cost  
   
Reason for selling: Retirement  
   
Seller Reference Number: 3353573228
BusinessMart.com Listing Number: 306947
 

 

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For more info contact:

Andrew R. Cagnetta Jr.

Transworld Business Brokers of Central Florida
407-226-7171

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