MergerPlace

PARADISE FOUND! Big Beachside Restaurant

Northeast Florida, Florida (St. Johns)


  • Asking Price: $945,000
  • Gross Income: $480,414
  • Cash Flow: $108,681
  • Real Estate: $990,000
  • Inventory: $1,500
  • FF&E: $37,000
  • Listing ID: #204331
  • Established: 1948
  • Employees: 4FT/5PT/1MGR

Business Description

PARADISE FOUND!! 5 lots 1/2 blk to beach! Walk up window from beach.3,300 sq foot Restaurant that seats 120, but can seat more. Nice Beach theme with large outdoor patio seating, plenty of parking, less than a block to beach, and a 2 BR 2 BA fully equipped condo, along with storage and room to grow. American hot dogs, hamburgers, Chili, Coconut Shrimp, Sandwiches and Soups, make this famous. Only 3 owners since 1948, a money making, well loved spot to take to the next level. Newly renovated kitchen! Please refer to listing # 710191871 and ask for Julie Brigman when inquiring. Thank You!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
Metropolitan Area: Northeast Florida
County: St. Johns

Company Information

Year Established: 1948
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4FT/5PT/1MGR

Financial Information

Asking Price: $945,000
Gross Revenue: $480,414
Cash Flow: $108,681
FF&E: $37,000
Inventory: $1,500
Real Estate: $990,000
Seller Financing Available: Yes

Property Information

Growth & expansion opportunities:

Wow! Endless growth potential; needs liquor license and more of a night scene. St. John's county is BOOMING WITH GROWTH, and it is heading south.

Competition:

Some smaller Restaurants in area; none that offer the proximity to the Beach, parking, plus direct A1A access.

Reason for selling:

Discuss with owner

Support & Training:

Two weeks of training at no cost

Contact Business Seller

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Business Listed By:

Julie Brigman

Transworld Business Brokers