High Volume Jacksonville landmark restaurant. Semi Absentee!
Attention restaurateurs, entrepreneurs and folks that just like to make money! This unbelievable Jacksonville FL landmark restaurant and full bar can be yours!
This stunning restaurant made almost 2 million in sales in 2023 and the very semi absentee owner (10 hours a week) made close to $250,000 NET!
Featuring a large new kitchen and upscale furniture and equipment worth over $300,000, the price of only $770,000 is a bargain. Seller just spent $150,000 in October on new equipment! GREAT lease terms as well.
Seller would hold a note of up to 400K for the right buyer.
Financial Information
- $770,000 Asking Price
- $239,168 Cash Flow
- $1,928,172 Gross Revenue
- $375,000 Down Payment
- Yes Financing
Business Location
- City: Jacksonville
- State: Florida
Financing Comments
- Seller will finance up to 50% of a sale for approved Buyer
Reason for Sale
- Retiring
Detailed information
- Year Established: 2005
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 6
- Part-Time Employees: 20
- Contractors: N/A
- Owner Worked Hours/w: 15
- Adjusted EBITDA: $239,168
- Inventory Included: No
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: $0
- FF&E Included?: Yes
- FF&E Value: $250,000
Training/Support
- 2 weeks at no cost
Facilities
- Beautiful and high end furniture, fixtures and equipment. Brand new restaurant equipment
Market Outlook/Competition
- Well known landmark
Real Estate Description
- Very large space, ample parking
Business Listed by
Wes Greer
Sunbelt of JacksonvilleContact Business Broker
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