Quorum Business Advisors, LLC

Jacksonville, FL
Duval County


Asking Price: Annual Revenue:
$320,000 $1,299,978

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Quorum Business Advisors, LLC Broker: Anthony John Rigney
License #: CQ1055334

Quick Facts

Asking Price: $320,000
Annual Revenue: $1,299,978
Net Profit: $152,765
Cash Flow: $152,765
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 22
BBN Listing #: 317554044
Broker Reference #: 778-12010

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Business Overview:

This is a well established and well known restaurant and bar. Located in affluent, trendy and growing neighborhood with lots of foot traffic. In business for 25 years, this successful business has weathered recessions and the Covid pandemic. Business is returning to normal but their are lots of opportunities for growth. More people are moving into the neighborhood. Owners keep limited hours for lifestyle reasons. A new owner could open for longer hours and expand the bar business. There is lots of room for customers with outside seating. Inherit a popular menu and take this business to new heights. Restaurant experience is recommended. Only serious inquiries please.

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Property Features and Assets:

Two story bar and restaurant with 3 areas for outside seating. Located in a popular pedestrian neighborhood.

Market Competition and Expansion:

Iconic beloved restaurant and bar in highly valued located. It has no peers. For lifestyle reasons only the owner operate limited hours. A more agressive owner could open extra days and longer hours as the business is there for the taking.

Reason for Selling:

Retirement

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 not a franchise resale opportunity.

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