Iconic Jacksonville Restaurant for Sale

Jacksonville, FL
Duval County

Asking Price: Annual Revenue:
$239,000 $829,404

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Iconic Jacksonville Restaurant for Sale Broker: Robin Gagnon

Quick Facts

Asking Price: $239,000
Annual Revenue: $829,404
Net Profit: $33,397
Cash Flow: $123,257
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 20
BBN Listing #: 75628096
Broker Reference #: 7485

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Business Overview:

Great opportunity to own a very well established and thriving dining restaurant with top sales at $830,000 and take home earnings of over $120,000. This fabulous turn-key restaurant for sale will not last! Up to $120,000 in Seller financing Available. This full-service casual restaurant chain was established over fifty years ago. The North side location with over 135 seats serving breakfast, lunch and dinner is now for sale. This Restaurant for Sale is a short drive from the international airport and the new Amazon warehouse in high traffic area with great visibility on a main artery. Current owners can provide excellent books to show impressive cash flow for an owner/operator to take home over $120,000 a year in income. We Sell Restaurants can put you in contact with some of our lender resources. A qualified candidate with 20% down could be approved for purchase of this Restaurant for Sale in days! Seller is also willing to offer Financing up to $120.000. The current owners of this restaurant for sale are working towards retirement giving you this incredible opportunity to take over this fantastic deal. Open from 6 AM to 8:30 PM daily and operates with 9 full-time and 11 part-time employees. The current owners have owned this restaurant chain for over eleven years and this location was completely fitted out in 2014. The current lease goes to April 2022 with three, four-year options. All rents agreed until 2034 with only 2% annual increases. Rent is just $5,524 and includes all CAMS for this 4,197 square foot restaurant for sale. Turn-key, and fully equipped, and ADA compliant, this restaurant for sale comes with everything you need to continue serving up great dishes. Equipped with new hood, fryers, freezers, microwaves, multiple refrigerators and freezers, including walk-in's, ovens, smallwares, table, chairs, and much more! Located in a shopping plaza with excellent visibility on a main thoroughfare and a large pylon sign. This is your opportunity to bring a personal touch of an owner/operator as the current owner is an absentee owner. Bring your menu ideas to add to the already very popular selections. This business could be expanded tremendously with the addition of delivery and catering. The current owner is offering a week of training to the buyer to help with a smooth transition of this restaurant for sale. A favorite in Jacksonville for over 50 years, this restaurant for sale has loyal clientele, and loyal employees that have made this iconic restaurant so successful. This is a rare opportunity to purchase a profitable independent restaurant in Jacksonville. Jacksonville, Florida is home to over 1.500,000 residents, an increase from 38,000 just 10 years ago. Check out this opportunity before it's gone.

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Property Features and Assets:

2 Single Door Fridges 6’ Flat top grill 4’ Flat top grill 4 Egg Burners 3 Fryers 1 Cold Table Toasters Steam Table 1 Freezer 1 Double Sliding Door Fridge 2 Ovens Various mixers 1 Walk in Fridge (landlord) 1 Walk in Freezer (landlord) 1 Freezer 1 Oven 1 Dish Machine (owner by Auto Chlor – no lease payments. We just purchase their products for the dish machine only) Several stainless steel tables 2 Microwaves 1 Biscuit Warmer 1 Fridge 1 Large Southern Pride Smoker in built in chimney (we have not used this as we do not do BBQ. It is about the only item that was left by the landlord). I Ice Machine (leased). This is the only item that is leased. Monthly payments $225 until March 2022.

Market Competition and Expansion:

Thriving casual restaurant licensed for 138 seats serving breakfast, lunch & dinner. Great passing trade as well as loyal local clientele. Business could be expanded with the personal touch of an Owner/Operator.

Reason for Selling:


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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