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Businesses For Sale   >>   Florida Businesses For Sale Categories   >>   

Unique Art Deco Diner - Property Also Available

Location  Florida,United States
Asking Price Range  < $250K
Gross Revenues  $681000
Net Profit / Cash Flow  $120000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2001
Number of Employees  20 - 34
Inventory  150000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  Whatever will be required
Reason for Sale  Personal family issues forces owner to return north
Description  This is a wonderful opportunity for someone who wants a restaurant. It is a free standing diner built in the style of the art deco 50's diner complete with shining silver sides. The diner is on a major roadway with high visability. It is located just outside of gainesville, florida in a town that is a tourist destination because of its rivers, springs and cave diving. It attracts people from all over the world. It seats 110 inside and has a large patio that seats up to 70. This area is idea for parties, events and music which the current owner doesn't promote. The current owner is not a people person and spends all his time in his office. While the diner does ok it could do great with the right management. It is being sold for $139,000. The FF&E alone is worth $150,000. As an alternative a buyer could purchase the land and building. The land is 1 1/2 acres. The price of property is $450k. If one purchase property net would be $135k because a rent factor of $56k was put into expenses. The note and taxes would come to $41k. Please note owner of property is not owner of busines. Please call 352-889-5551 for information or email.
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