MergerPlace

Restaurant with Real Estate

SAINT AUGUSTINE, Florida


  • Asking Price: $2,650,000
  • Gross Income: $1,262,629
  • Cash Flow: $224,739
  • Real Estate: $2,100,000
  • Inventory: Not Disclosed
  • FF&E: $221,500
  • Listing ID: #205655
  • Established: 1998
  • Employees: 14 FT

Business Description

Beautiful and long established Restaurant in the heart of St. Augustine, excellent purchase for experienced patron. Re-locate to sunny Florida and continue the steady growth of this place. Expansion capability, SRX license easy obtainable, currently only B&W. Numbers with chef in place and new owner running front of the house! All this in the oldest town of north America with ~7 Million visitors per year. 150+ seating with room to double that. Available also without the Real Estate at $550k.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
Metropolitan Area: SAINT AUGUSTINE

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14 FT

Financial Information

Asking Price: $2,650,000
Gross Revenue: $1,262,629
Cash Flow: $224,739
EBITDA: $224,739
FF&E: $221,500
Real Estate: $2,100,000
Seller Financing Available: Yes

Property Information

Facilities:

Single standing building with large parking lot

Growth & expansion opportunities:

Growing area of Florida with several big flag hotels being built.

Competition:

Located in Restaurant and REtail area downtown with lots of foot traffic

Reason for selling:

Family Health

Support & Training:

2 weeks

Contact Business Seller

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Business Listed By:

Beat Stauble

The Ventura Florida Group, Inc.