Restaurant and Bar - Opportunity for Growth

Jacksonville, FL
Duval County


Asking Price: Annual Revenue:
$380,000 $1,334,168

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant and Bar - Opportunity for Growth Broker: Anthony Rigney
License #: CQ1055334

Quick Facts

Asking Price: $380,000
Annual Revenue: $1,334,168
Net Profit: $167,742
Cash Flow: $167,742
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 20
BBN Listing #: 55754044
Broker Reference #: 778-11003

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Business Overview:

This is a well-established restaurant and bar. Located in an affluent, trendy and growing neighborhood with lots of foot traffic. In business over 20 years this successful business has weathered previous recessions and even the Covid pandemic. Business has returned to normal but there are plenty of opportunities for growth. More people are moving into this neighborhood. Hours are limited so increasing hours of operation can is an option for a buyer with energy. Expanding the bar business also offers potential. There is lots of room for customers with plenty of outside seating. Inherit a popular menu and take thank this business to new heights. Restaurant experience is recommended. Only serious inquiries please.

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Property Features and Assets:

Stand alone building. Lots of interior and outdoor seating. Affordable rent starts with a low base rent plus reasonable extra rent based on sales above a certain number.

Market Competition and Expansion:

Lots of opportunity to grow this business as they close two days a week. This is not because of a lack of business but rather a lifestyle choice of the owners. The bar business is also ripe to be grown. There is plenty of seating inside and out. More people are moving to this neighborhood with disposable income.

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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