Upscale Restaurant Close to Downtown St Augustine

Not Disclosed, FL
St. Johns County

Asking Price: Annual Revenue:
$500,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Upscale Restaurant Close to Downtown St Augustine Broker: Richard Murray
Owner Financing is Available!
Loan/Seller - Amount: $400,000 Months: 180 Rate:7.00% Monthly Payment: $3,595.31

Quick Facts

Asking Price: $500,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2022
Employees: 6
BBN Listing #: 309718747
Broker Reference #: 7101302915

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Business Overview:

Recently Renovated Upscale Restaurant located in St Augustine close to the Downtown Area. This one of a kind Restaurant is known for its Great Atmosphere, Fantastic cocktails, Large wine List and Amazing Food. No expense has been spared renovating this historic building to give the right blend of Historic Character and an upscale dining experience. For the right Buyer the Seller is willing to finance $400,000 at 7% with a 15 year amortization and a 5 year balloon. Monthly Payments of $3,595.31. This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower middle market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent Richard Murray. Please refer to listing #7101302915.

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Property Features and Assets:

Lease/Month: $6,200; Square Footage: 3,000; Building Type: Freestanding; Terms & Options: 2 five year options; Expiration Date: 2/1/2028.

Market Competition and Expansion:

Non Compete : Miles: 5 Years: 5

Reason for Selling:

Other business interests.

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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