MergerPlace

Popular Breakfast Lunch Restaurant

Florida (Duval)


  • Asking Price: $690,000
  • Gross Income: $1,093,996
  • Cash Flow: $300,434
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $25,000
  • Listing ID: #217964
  • Established: 1991
  • Employees: 14FT/4PT

Business Description

Popular Breakfast Lunch Restaurant for sale in a growing area of Jacksonville- You know that spot near your home that is a "must go"? Where you eat breakfast every weekend? The one with the comfort food, friendly staff, coffee refills and that long line out the door? This is that place. Looking for a new owner. Long-time managers in place. Low owner hours. Recently renovated. Sign an NDA to learn more.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Duval

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14FT/4PT

Financial Information

Asking Price: $690,000
Gross Revenue: $1,093,996
Cash Flow: $300,434
FF&E: $25,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

The restaurant is located in a well-maintained strip center with plenty of onsite parking. It seats 75 and has outdoor seating for 8. It's surrounded by established and new neighborhoods. The space has been consistently upgraded and remodeled so that no more work is required.

Growth & expansion opportunities:

There is great potential for revenue growth by opening for dinner and/or getting a beer and wine license. Or a new owner can leave it like it is and enjoy the increasing revenues and cash flow.

Reason for selling:

The owners are looking to retire.

Support & Training:

Will train for 2 weeks @ no cost. The restaurant serves traditional breakfast items, sandwiches, burgers, hot lunch items and daily specials. The menu could easily be adjusted for dinner. Restaurant experience is helpful and will be needed if the buyer is looking for bank financing.

Contact Business Seller

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Business Listed By:

Andrew Thornock

Murphy Business Brokers