Beaches Restaurant for Sale - MUST SELL

Duval County, FL

Seller Financing Available
Beaches Restaurant for Sale - MUST SELL

Asking Price:$250,000

Cash Flow:$31,063

Gross Revenue:$1,344,354

EBITDA:N/A

FF&E:$350,534

Inventory:$50,000*

Established:2011

*not included in asking price.

Beaches Restaurant for Sale - MUST SELL

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Business Description

Restaurant for Sale in Jacksonville Beach area. Price DRASTICALLY reduced!!! Fully built-out beautiful interior with 175 seats and 90 parking spots located on a very busy main street. Inexperienced absentee owner (and it shows). Over $1.3M in sales. Net adjusted for an owner operator. Lots of opportunity for improvement with an experienced operator. Over $650k of assets being included. Tax returns on file with full confidential memo. Motivated sellers. Call today for an NDA.

Detailed Information

Inventory:
Not included in asking price
Employees:
10 FT/19 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5200 sq ft with a very upscale decor. Make it a seafood theme, upscale dining or just a casual bar. Large enough to make money.
Financing:
$100k Down/ $150k for 36 mos. @ 7%.
Support & Training:
Will train for 2 weeks @ no cost. Previous restaurant experience highly recommended and hands on owner preferred.
Reason for Selling:
Seller has other interests.

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Kimberly Deas

Business Listed By:
Kimberly Deas

Murphy Business & Financial Corporation

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