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Established Family Restaurant In Lake County Florida For Sale

Lake County, Florida, US
Asking Price:
$199,000 Furniture / Fixtures included
Sales Revenue:
On request
Cash Flow:
On request

An opportunity to acquire a well-established, country-style family restaurant in Lake County, Central Florida. Operating since 1995, the business has developed a loyal local customer base through its generous portions, affordable pricing and traditional American comfort food. Serving breakfast, lunch and dinner, the restaurant generates approximately $900,000 in annual revenue and $129,000 in seller's discretionary earnings. The asking price is $199,000, with seller financing available.
The restaurant occupies a spacious, leased facility with approximately 150 seats. Significant investment has been made in the premises and fit-out, providing an established operating environment with equipment, leasehold improvements and staff in place. The business employs 15 people, comprising five full-time and ten part-time employees, and benefits from a lease extending until September 2031.
The restaurant offers potential for further development through expanded trading hours, catering services, improved digital marketing and online ordering. The seller is motivated to exit the industry and is offering financing with a $99,000 down payment. This opportunity may suit an experienced owner-operator or hospitality professional seeking an established restaurant with an existing customer base and opportunities for operational improvement.

  • Established family restaurant operating since 1995.
  • Annual revenue of approximately $900,000.
  • Seller's discretionary earnings of $129,000.
  • Approximately 150 seats and an established workforce of 15.
  • Seller financing available with $99,000 down.
  • Lease secured until September 2031.

Property Information

Real Estate:

Lease

Lease Terms:

Existing lease expires on 30 September 2031.

Leasehold Rent:

$6,250 per month ($75,000 per annum). per annum

Location:

Situated in Lake County, Central Florida, an area experiencing population growth. The restaurant serves a loyal local customer base and offers a traditional, family-friendly dining experience.

Premises Details:

Established family-style restaurant with approximately 150 seats, a substantial fit-out and commercial kitchen equipment. The premises have benefited from significant investment in leasehold improvements and operating infrastructure.

Size in square feet:
Approximately 3,600 sq. ft.

Business Operation

Expansion Potential:

Potential opportunities include introducing beer and wine sales, extending Sunday and Monday trading hours, developing catering and group dining services, improving online ordering and digital marketing, and reviewing menu pricing.
Beer and wine sales would be subject to the necessary licensing requirements.

Reasons for selling:

The owner is experiencing industry burnout and wishes to exit the restaurant business.

Trading hours:

Breakfast, lunch and dinner service. Specific opening hours have not been provided.

Employees:
15 employees: five full-time and ten part-time.
Years established:
31 years

Other Information

Support & training:

Two weeks of seller-provided training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing available with a $99,000 down payment and a $100,000 seller-financed balance over three years at 6% interest, with stated monthly repayments of $3,042.19.

Furniture / Fixtures value:
$79,000 - included in the asking price