1950's Style Gas Station Themed Restaurant Burger Joint

Saint Augustine, FL (Saint Johns County)

Seller Financing Available
Themed Restaurant

Asking Price:$299,000

Cash Flow:$100,000

Gross Revenue:$800,000





*not included in asking price.

1950's Style Gas Station Themed Restaurant Burger Joint

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Business Description

The owner of this business opened in July 2015 with $100,000 in sales alone in the first month. It has been a huge success and he would like to make this restaurant his first franchisee. It is fashioned as a 1950's Gas Station and they sell custom burgers, sandwiches, etc and have their own special recipe sauces.

There is a huge Marriott Hotel being built directly across the street from this restaurant so the sales should continue to grow and do extremely well. The restaurant is within walking distance of the beach and is located on a very popular heavily traveled road.

Currently there is a 7 year lease agreement in place that would be assumed by the buyer. The lease is $3,500 per month plus $1,000 per month for rent on the adjacent parking lot. The owner of this business has other businesses and intends to franchise this concept and will expand initially within the north Florida market.

This is a must see business and ideal for someone looking for a great life style at the beach.

There is an additional $20,000 franchise fee with a 3% royalty agreement with the Seller

Detailed Information

Not included in asking price
12 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Very nice operation that had new facility and up fit in 2015.
Seller is willing to finance half the purchase price
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Seller wants to franchise the operation and make this the first franchise

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Bill Law

Business Listed By:
Bill Law

Sunbelt Business Brokers Charlotte

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