Located on a quaint corner lot in Welaka, FL this 1,400 square foot restaurant has everything to offer. The current owner just completed a massive renovation. Let's start by the addition of A Southern Pride SPX-300 indoor natural gas smoker. The entire Kitchen has been remodeled and all the equipment is in as new condition. This kitchen is designed for fresh homemade southern cuisine. The existing kitchen and take out area is 700 square feet. There is a restaurant area of an additional 700 square feet. This location boasts 2 drive thru windows, plenty of off the street parking and a huge outdoor area available to the new owners to be used for concerts, outdoor seating and party venues. The property shares a busy corner lot across the street from town hall, the police and fire departments. This area is motorcycle and golf cart accessible. There is almost as much golf cart traffic as there is car traffic. The area is under a residential explosion with real estate values climbing and a 2,200 home development being built less than a mile away. This area is the future home of a 300 acre Cabela's - Bass Pro Shops - Johnny Morris Vacation destination venue. Current events The current owner is working 5 days a week and just 4 weeks a month. The owner started this business 3 months ago and can't keep up with the expansion. With over 40 years of restaurant experience the current owner has some health issues that put them on the sidelines and out of the kitchen for too much time. Current owner operations 1) The current owner offers take out only. 2) There is a limited daily menu 3) No advertising. Facebook, google and yelp 4) Currently open 4 days a week and 5 hours on Saturday. 5) NO alcohol 6) No dine in seating 7) Open from noon to 8pm New owners will benefit from 1) Old owner willing to stay on a train for a month 2) Addition of Beer and Wine 3) Open for Breakfast - Lunch - Dinner 4) Open 7 days a week 5) Offering coffee and or adding a coffee franchise 6) Expand the menu beyond simple comfort food cuisine 7) Open the drive thru 8) Open the Back yard to parties, concerts and outdoor dining. 9) Add baking and other dessert goods 10) Making this place a BBQ destination
Financial Information
$149,000
Asking Price
On request
Cash Flow
$120,000
Gross Revenue
N/A
Down Payment
Yes
Financing
Business Location
City:
Welaka
State:Florida
Financing Comments
Seller will hold Mortgage with $ 150,000 down
Reason for Sale
Heath
Detailed information
Year Established:2021
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 2
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:40
Adjusted EBITDA:
On request
Inventory Included: Yes
Inventory Value:
$6,000
Monthly Rent:
On request
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value:
$550,000
Building Size: 2100
FF&E Included?: Yes
FF&E Value: $80,000
Training/Support
Owner will stay one month part time through transition
Facilities
# 1,400 sq foot restaurant with a NEW kitchen
# 700 sq ft rental
Real Estate Description
#1,400 sq ft restaurant with # 700 sq ft rental that brings in $ 900 a month
Discover a well-established business specializing in the service, sales, and repair of quality used restaurant equipment. This thriving enterprise, founded...
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