American Food with Buffet FOR SALE

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Asking Price:
$65,000

Gross Revenue:
$300,000
Cash Flow:
$72,000
EBITDA:
$72,000
Inventory:
$3,500
included in asking price

FF&E:
$75,000
included in asking price

Real Estate:
$360,000
not included in asking price

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Business Description

The customers say the food is great, here's one customer! talk about "fried chicken", "peach cobbler" and "awesome ribs" Another customer : Good food and friendly people. This is an established restaurant on a modern plaza off a busy roadway! The owner has recently slowed down and stropped doing breakfast. You could do breakfast again if you wanted. The Real Estate can be financed by the seller /owner! Only $65,000 cash down & seller financing and then you own the land & building! WOW, that's a rare opportunity. Before your mortgage payment, the seller was netting $8976 profit per month. Using a online mortgage calculator at 6%, your payment on the land & building would be $2,158 per month. Espresso Coffee Bar, 5 employees. Its a great location, could go in numerous directions? Pub & Tavern, Asian Food, Etc. Contact us for further information Lindsay McCormick 904-333-9007 or Rick Maerkle 904-772-4641

About the Business

Location:
Jacksonville, Florida
Year Established:
2012
Number of Employees:
5
Real Estate:
Owned
Building Sq. Ft.:
2,600
Facilities:
stand alone building off busy intersection!
Market Outlook/
Competition:
There are lots of things you could do with this site, keep it the same? Convert to Asian or Tavern, Pub, etc. What's your dream Food & Beverage business?
Growth & Expansion:
You could add breakfast back to the menu, etc.
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About the Sale

Reason For Selling:
retirement
Training/Support:
Seller will assist for 2 weeks or so for free.
Seller Financing:
360000

Listing Info

ID:
1597204
Ad Detail Views:
0

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Business Listed by

Rick Maerkle

American Investment Brokers
License# 279888

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