Turn Key Restaurant and Full Bar in Jacksonville Florida

Duval County, FL

High Tops by TV's
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Asking Price: $90,000

Cash Flow: $30,000

Gross Revenue: $475,000

EBITDA: $40,000

FF&E: $90,000

Inventory: $20,000

Rent: $15.50 /Month

Established: 2015

Turn Key Restaurant and Full Bar in Jacksonville Florida

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Business Description

Beautiful custom built furniture and bar on busy road

We have been operating as Greek Street Kitchen and Bar in this location for the past 18 months and were granted the ONLY full liquor bar exception in our zone. We are .6 miles from I95 and .5 miles from major medical facilities including Memorial Hospital and Brooks Rehabilitation. We have won #1 in the 904 for the past 2 years and maintain 4.5 to 4.9 Stars on all Google Maps, Yelp, Trip Advisor and Facebook. We have a favorable lease with a purchase option in our 4000 sq foot free standing building(seats 218) with our own parking lot. University Blvd has 39K+ cars a day of traffic.
We have been running positive numbers but, in retrospect, have realized that ethnic Greek is not the correct direction to make proper use of the full liquor bar. Consequently, we have begun a re-branding campaign as Streetside Bar and Grill in the past week. We are confident this will have a far broader appeal for American food and Happy Hours moving forward.
This would also be an extraordinary opportunity for new owners to purchase a turn-key restaurant and bar at a fraction of a build-out cost and come in with fresh ideas and take advantage of the beautiful facility and full bar. Contact us to make an offer.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,986
Lease Expiration:
10/31/2022
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Full liquor bar (Only 4COP exception in zone) Fully custom built bar, tables, chairs and fixtures made of container metal, piping, wrought iron and wood. Items less than 2 years old include: New roof, Three 5 ton AC units, Rebuilt 10' x 10' Walk-In cooler, 8' x 5' LED cabinet street sign, Scotsman ice machine, hood motors. Also includes CAKE Point-Of-Sale Station and 2 remote apple tablets, 6 pull beer cooler, 2 deli coolers, char grill, 2 deep fryers, (all kitchen equipment), freezers, stainless steel tables, etc and all current bar and food inventor
Competition:
Properly marketed as an American-style bar and grill there are no similar restaurants in the area and no other full liquor bars in the neighborhood.
Growth & Expansion:
Very strong growth potential changing from ethnic to American style bar and grill.
Support & Training:
As needed.
Reason for Selling:
Other family business opportunities and history is with Greek-style restaurants.
Business Website:
http://greekstreetjax.com
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Business Listed By:
Peter Vorrias

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