IN FULL OPERATION, R.J.'S BAR AND RESTAURANT FOR SALE

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IN FULL OPERATION, R.J.'S BAR
Asking Price:
$545,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$500,000
included in asking price

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Business Description

AN ESTABLISHED AND VERY SUCCESSFUL RESTAURANT AND BAR, IN BUSINESS FOR SINCE OPENING IN 1992. NUMEROUS FEATURES: 1. NEW ROOF 2016, 2. ALL AIR CONDITIONERS ARE IN GOOD OPERATING CONDITION, SOME NEW.. 3 REAL ESTATE IS INCLUDED WITH THE SALE. 4. ALL FURNITURE, FIXTURES AND EQUIPMENT IS INCLUDED. 5. THE BUSINESS IS INCLUDED, 6. A SEPARATE DUPLEX GOES WITH THE SALE. THE BUSINESS IS ON GOING AND NOT DISTRESSED IN ANYWAY. THE OWNER IS AT RETIREMENT AGE AND WANTS TO TRAVEL. ALSO, IMPORTANT TO KNOW THAT THE OWNER'S MANAGER HAS BEEN WITH THE BUSINESS FOR 16 YEARS AND DOES ALL THE HIRING, ORDERING AND EVERYTHING THAT IS NEEDED WHEN NEEDED AND WANTS TO STAY ON. OWNER WILL ALSO HELP WITH THE TRANSFER OF OWNERSHIP TO MAKE IT A SMOOTH AND SEAMLESS SALE. BEFORE ANY FINANCIALS WILL BE RELEASED, A CONFIDENTIALITY AGREEMENT MUST BE SIGNED.

About the Business

Year Established:
1992
Number of Employees:
APPROX. 3
Real Estate:
Owned
Building Sq. Ft.:
4,187
Facilities:
THE BUILDING IS IN GOOD REPAIR AND IS ON CITY WATER AND SEWER IS SEPTIC. THE KITCHEN IS VERY LARGE AND COULD ACCOMMODATE MUCH MORE VARYING USES, SUCH AS CATERING.... THE BUILDING IS LARGE ENOUGH TO HAVE 150 SEATS OR MORE IF IT WERE CONVERTED TO MORE OF A DINNING ENVIRONMENT.. IF NEEDED, THERE IS A LIQUOR LICENSE THAT COULD BE PURCHASED SEPARATELY, VALUED IN THE RANGE OF $200,000.
Market Outlook/
Competition:
R.J.'S IS A "LOCALS" RESTAURANT BAR AND GRILL LONG ESTABLISHED AND HAS A SOLID CUSTOMER BASE. LOCATED IN THE NORTH FORT MYERS AREA WHERE THERE ARE FEW ALTERNATIVES. IT IS FELT THAT THE USE COULD BE CHANGED TO MORE FOOD SALES SUCH AS A SUNDAY BRUNCH, ETC. TO CATER TO THE NUMEROUS MOBILE HOME PARKS A FEW MILES NORTH ON U.S. 41, WHICH HAS HUNDREDS OF RESIDENTS.
Growth & Expansion:
THERE CAN BE EXPANSION OF THE BUILDING AND OR PARKING LOT IF REQUIRED SINCE THE LAND AREA INCLUDED WITH THE SALE IS ABOUT AN ACRE. 42,282 SQUARE FEET.
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About the Sale

Reason For Selling:
THE OWNER IS AT RETIREMENT AGE AND WANTS TO TRAVEL AND SEE FAMILY
Training/Support:
IN THE EVENT OF A SALE, THE OWNER AND STAFF WILL BE WILLING TO STAY ON AS NEEDED TO HELP IN ANYWAY FOR A NEW OWNER TO STEP IN AS IF THERE WERE NO CHANGES, WHICH WOULD HELP TO KEEP THE CURRENT CUSTOMER BASE.
Seller Financing:
SELLER IS AT RETIREMENT AGE AND LOOKING FOR REASONABLE OFFERS. NOT DISTRESSED.

Listing Info

ID:
1552824
Ad Detail Views:
173

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Business Listed by

Phil Deems

Phil Deems Real Estate LLC
License# 312608

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