HUGE Price Redux on Upscale Cuisine. Fastest growing area in Jax

Jacksonville, FL (Duval County)

Great wine selection
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Asking Price: $175,000

Cash Flow: $70,941

Gross Revenue: $607,125

EBITDA: N/A

FF&E: $100,000

Inventory: $2,000

Rent: $36,000 /Month

Established: 2003

HUGE Price Redux on Upscale Cuisine. Fastest growing area in Jax

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Business Description

2 New Hotels (over 200 rooms) and 3 New office buildings almost finished within 1/2 mile area. Full scale and VERY popular European-themed restaurant/wine bar is available! PRIME location. 150 room hotel, residential development and office complex just completed in the immediate neighborhood very soon means the numbers will SOAR. Below market lease with options. Sales are up 5% over 2018. Currently absentee, but new ownership and marketing will see huge increases on this already successful operation. Only open 5 days/week and offers no catering. High value FFE included in the sale.

Detailed Information

Location:
Jacksonville, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Full service restaurant,
Competition:
Fastest growing area in Jacksonville. Sales up 5% over last year.
Growth & Expansion:
Offer catering, currently open only 5 days a week for lunch and dinner
Support & Training:
10 days at no cost
Reason for Selling:
Retiring from this location
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(from currently available funds)
 
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Wes Greer

Business Listed By:
Wes Greer

Sunbelt Business Brokers of Florida

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Sponsoring Broker:
Lee Panitz SL3203726

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