Buffet Style Restaurant - Profitable, Easy to Run

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Asking Price:
$325,000

Gross Revenue:
$558,086
Cash Flow:
$199,607
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

Highly profitable buffet located on busy Southside of Jacksonville. Operates in a shopping Center with popular grocery store as anchor. Open 8 years with good books and lots of potential. Buffet style keeps labor costs to a minimum thereby maximizing margins. Catering makes up a growing portion of the business with room for further growth. Owner works only part time. Lease rate is gross rent fully inclusive. Seller to hold some financing for a qualified buyer. Easy to run but restaurant experience would be a plus.

About the Business

Year Established:
2010
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
4,000
Lease Rate/Sq. Ft./Yr.:
$23.27
Lease Expiration:
10/1/2024
Facilities:
4000 square foot space includes dining room, kitchen, bar and function room.
Market Outlook/
Competition:
Low labor costs for this business model give it a definite advantage over other restaurants in the area.
Growth & Expansion:
Catering business has been growing with room for further growth.
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About the Sale

Reason For Selling:
Discuss with seller
Training/Support:
One week at no cost.
Seller Financing:
$125K for 48 months @ 6%

Listing Info

ID:
1557274
Ad Detail Views:
232

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Business Listed by

Anthony Rigney

Quorum Business Advisors, LLC
License# BK3165430

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U.S. Census Data for Duval and St. Johns Counties, FL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Duval and St. Johns Counties, FL
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Source: American Community Survey (2010-2014), United States Census Bureau.

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