Established, fun and profitable franchise restaurant/bar for sale

Duval County, FL

Seller Financing Available

*Stock photo
Asking Price:$585,000
Gross Revenue:$2,000,000
Rent:$8,900/Month
Established Year:2010
Cash Flow:$246,000
Inventory:$25,000
FF&E:$300,000
BUSINESS DESCRIPTION

Solid management & staff in place, can be absentee-run earning 25-30%

This great location was built about 15 yrs ago at the cost of $760+k. Today it would cost $1.2 Mil to build. It has a solid following in an affluent area of Jacksonville FL it has grown in sales and profits through the years (50% since 2018) Recession and COVID proof. 2024 sales over last year. With a great staff in place, it can be operated as an absentee-owner or add $100k to the bottom line by running it as an owner-manager.

** Accepting all reasonable offers **

New kitchen equipment, bar & patio furnishings, new POS, TVs, projector screen, etc. make this a true turn-key operation.
Active bar, nights and weekends. Untapped potential to grow lunch, group sales and catering. Surrounded by schools, churches, businesses, hotels, and wealthy residents.
Retirement sale, will stay and train new owner to insure a smooth and seamless transition.
Selling by owner, No exclusive listing granted to brokers however will pay commission of 10% at closing to selling broker.


DETAILED INFORMATION
Location
Duval County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,200
Lease Expiration
01/06/2031
Employees
25
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Fully furnished restaurant and bar being sold with all equipment and furniture/furnishings
Competition
There are many other restaurants & bars in this very busy area, however this concept is unique with a large following. Serve over 100k guests/year
Growth & Expansion
Community reach-out, schools, churches, hotels, businesses. Group sales and catering
Financing
Owner financing with collateral
Support & Training
Want the next owner to succeed, will stay a month hands on training and afterwards via phone and/or visits
Reason for Selling
Retirement
Franchise
This business is an established franchise
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Anthony Ferrante
Anthony Ferrante