Restaurant & Lounge with Liquor License
Duval County, FL
| Asking Price: | $450,000 |
| Inventory: | $30,000 |
| FF&E: | $230,000 |
| Gross Revenue: | $700,613 |
| Rent: | $12,000/Month |
| Established Year: | 2022 |
Listing ID: 2255625Listing provided by BizBuySell
BUSINESS DESCRIPTION
Opened in 2022, this full-service restaurant and bar did over $700,000 in sales its first year in business, and has positioned itself as one of a few restaurants with a liquor license, a hookah lounge and event center.
Growth is possible with a restaurateur at the helm and increasing events and private room rentals which the space is set up for.
DETAILED INFORMATION
Location
Duval County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,600
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
The restaurant and bar industry is in high demand in northeast Florida, where many weddings, parties and other events are commonly held.
A business-friendly state, Florida has limited regulations, low taxes and a diverse population allowing for organizations to invest in themselves and find the product mix that works for their customer’s desires.
Growth & Expansion
Growth can be achieved by hosting more events and capitalizing on takeout dining or extending operating hours. As this business doesn’t require the owner to be physically present, it can be expanded to multiple locations with the correct visionary in place.
This would be an ideal acquisition for an existing restaurateur looking to expand their current portfolio or an industry professional looking to own their own business.
Support & Training
60 Days
Reason for Selling
Other Business Ventures
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