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North Florida's Hottest Oceanfront Restaurant

Saint Johns County, FL

Seller Financing Available
North Florida's Hottest Oceanfront Restaurant
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Asking Price: $1,950,000

Cash Flow: $700,000

Gross Revenue: $3,425,000

EBITDA: $700,000

FF&E: $150,000

Inventory: $50,000*

Rent: $6,500 /Month

Established: 1997

*not included in asking price.

North Florida's Hottest Oceanfront Restaurant

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Business Description

True Oceanfront Dining & Fresh Local Seafood - Unbelievable Location

Arguably one of Northeast Florida's hottest oceanfront restaurant locations, serving fresh seafood sourced from local suppliers. Nestled in a phenomenal beach front location with virtually no competition and nowhere to build a comparable restaurant for a mile in each direction, this gem is truly a diamond in the rough. With over 20 years of operating history, and the last four years seeing incredible year-over-year growth in both sales and profits, you will be hard pressed to find a better deal anywhere in the state of Florida on either coast. Current owner is a seasoned restaurateur who purchased this established restaurant one year ago and has made tremendous improvements to the equipment, ambiance, staff, and back-end functions that have resulted in a true semi-absentee operation. If you are a seasoned restaurant owner, operator, or private equity group seeking a phenomenal acquisition opportunity in sunny Florida, do not delay, as this will sell quickly to a qualified buyer.

Detailed Information

Location:
Saint Johns County, FL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
9/1/2027
Employees:
60
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Over $150,000 in total restaurant equipment, much of which has been replaced in the last year. Building is a stand-alone building on the oceanfront!
Competition:
There is virtually no competition for this oceanfront restaurant as there are no other places to build for a mile in either direction. Over twenty years in business under the same name and still growing. The town is growing immensely as new home development is exploding in the area.
Growth & Expansion:
There is constant room for expansion and improvement in this business and is only limited by the ownership's resources and creativity. The area is growing tremendously in population due to endless new home construction from major developers. Local clientele, plus an enormous flow of tourists, provide for virtually unlimited growth opportunities.
Financing:
Seller will finance up to $250000
Support & Training:
Current owner will provide up to 30 days of training as part of the sales price and will provide ongoing support as needed as long as needed by buyer to ensure a smooth transition.
Reason for Selling:
Seller Owns Multiple Businesses and is consolidating assets.
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Business Listed By:
James Wigg

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