High Volume Carribean Restaurant- Venue and Real Estate

Asking Price$2,850,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,200,000

Inventory$10,000
Included in asking price
FF&E$800,000
Included in asking price
Real Estate$1,400,000
Not included in asking price
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High Volume Carribean Restaurant- Venue and Real Estate


Asking Price$2,850,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,200,000

Inventory$10,000
Included in asking price
FF&E$800,000
Included in asking price
Real Estate$1,400,000
Not included in asking price
Business Description
High Volume Carribean Restaurant- Venue and Real Estate
This is an Amazing Opportunity to acquire a Booming Restaurant and Brand New Event Venue including 4 Parcels of Real Estate one of which is where the restaurant is, one is where the event center is, the third is a parking lot and the fourth is a small apartment building---this area is in the process of redeveloping and presents a major growth opportunity for a Savvy Investor . This Unique Opportunity is located Jacksonville Florida not far from the downtown area. It has a Fast Food Restaurant Grossing over $1,200,000 a year. It has a brand new Event Venue that has seating for between 300 and 350 people and is great for Weddings, Anniversaries and other special events. It already has some bookings before it opens. Projected income for the Event Center is over $1,500,000 which would make the overall gross close to $2,700,000. We have a Lender we work with that might be able to lend with an SBA Loan with 5% to !0% down. The Buyer should be in the Business of Restaurants to be able to finance with an SBA Loan. The Event Center cost over $800,000 to build out and there is nothing like it in the area, it will make substantial money once it is open. Some Bookings are already in place and no marketing has been done. It's a huge opportunity for the right operator.
About the Business
Years in Operation
27
Employees
10
Facilities & Assets
All the Assets of the Business are included in the Sale.
Website
https://Businessteamusa.com
Market Outlook / Competition
There are other Caribbean Restaurants in Jacksonville but not near this location and this one is one of the best known and also one of the longest established.
Opportunities for Growth
The Event Center will be opening in just a month and will add substantially the current gross income.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
8,000
About the Sale
Seller Motivation
One of the Partners passed away.
Transition Support
The Seller is willing to provide a 15 Day Transition period without cost.
Listing Info
ID
2351701
Listing Views
2812

Contact Seller

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Business Listed by: Alan Mehrez United Realty Group

Listing ID: 2351701 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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