MergerPlace

Popular Restaurant Beach-side Community

Jacksonville, Florida (Brevard)


  • Asking Price: $179,000
  • Gross Income: $1,015,023
  • Cash Flow: $186,515
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $20,000
  • Listing ID: #206989
  • Established: 2015
  • Employees: 8FT/7PT/1MGR

Business Description

1200 SF, 40 seat restaurant with annual revenues exceeding $1 million. Due to size of restaurant, expenses are incredibly low. This gem is at 3% rent to revenues( National Avg. is 7%-9%) and utilities are way below averages for this sales volume. Which means one thing, "more money to the bottom line." Full staff in place!! No need to be a chef, we have a qualified executive chef and many others. As turnkey as it gets. Way below market value on these types of revenues. Please refer to listing #7101193026 and ask for Richard Murray when inquiring. Thank You!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
Metropolitan Area: Jacksonville
County: Brevard

Company Information

Year Established: 2015
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 8FT/7PT/1MGR

Financial Information

Asking Price: $179,000
Gross Revenue: $1,015,023
Cash Flow: $186,515
FF&E: $20,000
Inventory: $15,000
Seller Financing Available: No

Property Information

Facilities:

Lease/Month: 3291 Square Footage: 1200 Building Type: Freestanding Terms & Options: 2 five year options Expiration Date: 9/30/2021

Reason for selling:

Owner Relocating

Support & Training:

Two weeks of training at no cost

Contact Business Seller

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Business Listed By:

Richard Murray

Transworld Business Brokers