Restaurant Business for Sale Spring Hill ( Florida, US - 34606) Built

$175,000

Restaurant Business for Sale

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Tropic Shores Realty

Gina Linn 352-536-0381 (Office) 352-536-0381 (Cell) Request More Info

Business Only, No Real Estate
Type: Other
Style: Commercial "Business Only, No Real Estate"
Development Level: Built
MLS #: BBF# 8996-00018

Description

Breakfast & Lunch local area favorite restaurant for sale in Spring Hill, Floida.

Offered as an "Operating Sale of Assets Only" | Financials shown for 2023 pro-forma, reflect owner operator with 25% discrestionary earnings. Business has been run in past with dinner menu, but is currently operated as breakfast & lunch only. Hours are limited currently, and can easily be expanded.

Business operated on high traffic road, with onsite, take out, delivery, and catering available.

Seller is entertaining all realistic offers & terms. Asking price was determined from 2023 pro-forma estimates.

All inquires for addtional information including name of business require the following: signed non-disclosure agreement, copy of photo ID, finacial statement (BBF Financial Statement Form, Bank Statement, or Accountant / Attorney leaderhead statement suffices).

Attachments

View Listing Brochure

Highlights

Lease Highlights: Lease/Month: 1,595 Square Footage: 1,120 Building Type: Retail Strip Terms & Options: NNN, Initial + 2 year ext Expiration Date: 7/31/2024
Financial Summary: 2023 Pro-Forma (Seller Estimates Only) Gross Sales: $300K Cost of Goods: $100K Expenses: $125K Discretionary Net: $75K

Brokered and Advertised by : Lobo Business Sales LLC

Population

Total population	28,162
Male population	13,784
Female population	14,378
Median age	50.60
Median age (male)	48.40
Median age (female)	52.90

Marital status (Number of people who have the following marital status)

Never married	6,870
Married	11,474
Separated	402
Widowed	2,381
Divorced	3,400

Population by age

Under 15	4,037
Age 15 to 24	2,676
Ages 25 to 44	5,933
Ages 45 to 64	6,797
Age 65 and over	8,719

Population mobility

Live in the same house as 1 year ago	23,732
Moved from abroad	111
Moved from a different state	1,290
Moved from the same county	1,735
Moved from the same state	948

Population by poverty level

Above poverty level	22,706
Below poverty level (daily income under $1.90/day)	5,055

Employment

White collar	7,723
Blue collar	2,569

Class of worker

Self employed	1,100
Private company	7,697
Not for profit company	492
Government workers	1,003

Households

Total households	12,399
Family households	7,724
Non-family households	4,675
Households with children	2,550
Households without children	9,849
Average people per household	2.27

Education (Number of people who have achieved the following levels of education)

No high school	373
Some high school	10,548
Some college	7,203
Associate degree	2,028
Bachelors degree	3,244
Graduate degree	1,385

Income/Financial

Average household income	$57,103
Median household income	$46,250
Median income under 25	$43,048
Median income 25-44	$49,312
Median income 45-64	$52,316
Median income over 65	$41,713

Housing occupancy

Housing units	13,935
Occupied housing units	12,399
Owner occupied units	9,494
Renter occupied units	2,905
Median housing costs per month	$822
Median gross rent per month	$1,001

Housing by year built

Year built median	1987
Built before 1939	11
Built between 1940 and 1949	11
Built between 1950 and 1959	121
Built between 1960 and 1969	495
Built between 1970 and 1979	2,646
Built between 1980 and 1989	5,301
Built between 1990 and 1999	3,180
Built between 2000 and 2009	1,818
Built after 2010	352

Housing mortgage situation

Houses with mortgage	4,815
Houses without mortgage	4,679
Median value with mortgage	$163,500
Median value without mortgage	$160,000

Demographic data shown in this section was gathered from the 2021 American Community Survey and is deemed reliable but is not guaranteed. No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

P2#560571114

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Information is deemed to be correct but not guaranteed.