Distress Sale! New Restaurant Buy/Sub-Let Mandarin

Not Disclosed, FL
Duval County


Asking Price: Annual Revenue:
$50,000 Not Disclosed

Food & Beverage: Coffee, Cafe, Dessert


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RE: Distress Sale! New Restaurant Buy/Sub-Let Mandarin Broker: Julie Brigman

Quick Facts

Asking Price: $50,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $57,126
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 406318747
Broker Reference #: 7101312301

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Business Overview:

DISTRESS SALE! $25,000 could get you in a new restaurant buy or sub-let in great Mandarin fully occupied center with Outback as anchor. One of Mandarin's busiest finest retail corridor, a brand new Restaurant, completely built out and ready to go. The Owners live in Orlando and they left the Chef to run the business. It was discovered the Chef was misappropriating all of the cash. He left the business instead of facing prosecution. The owner cannot run the Restaurant and he simply wants to sell it for what he can. He is also willing to sub-let the Restaurant with a 25,000.00 down payment and rent for space and new equipment for $4,300.00. After 36 months, the equipment is owned, and rent goes down to $2,700.00. This kitchen is awesome and would be perfect for large catering company, bakery, food preparation for wholesale sales. 25 freezers, natural gas, 3-phase electric, full hood, deep fryers, big tables, perfect for commercial food, take out, cafe, delivery.

It was a Brazilian Cafe specializing in Brazilian pastries and pot pies and lunches. Breakfast and lunch was provided. Newly open, and based on walk by traffic, and no advertising it grossed close to $200,000.

Please refer to listing number 7101-312301 and advisor Julie Brigman when inquiring on this listing.

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Reason for Selling:

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Additional Details:

  • The property is leased.
  • The owner is not 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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