Profitable Downtown Restaurant

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Profitable Downtown Restaurant with Tons of Growth Potential!
Asking Price:
$100,000

Gross Revenue:
$307,000
Cash Flow:
$53,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

For sale here is a profitable restaurant located downtown near the Bo Diddley Plaza. Eclectic fare is offered for both carnivores and vegetarians alike. The current owner is semi-absentee and has generated sales with no marketing - there is a lot of upside potential here for a new owner who can focus solely on this business.

This space is easy to manage and this would be an excellent first restaurant for someone who has worked in the industry and wants to run their own show. The price is also very reasonable, making for a better opportunity still. Contact Keith today to learn more!

About Gainesville:
Nestled in the heart of "old Florida," Gainesville is the perfect blend of sleepy southern charm and cosmopolitan culture. Home to the University of Florida, Gainesville boasts a high standard of living with lots of great restaurants and shopping, as well as a well-educated work force. For nature-lovers, Gainesville boasts a beautiful tree canopy, many scenic parks and miles of bike trails. It's also within 30 minutes of some of the most beautiful, crystal clear springs in the world. Gainesville is truly a great place for business and a wonderful place to live.

About the Business

Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
940
Lease Amount/Mo.:
$1,516.34
Lease Expiration:
3/1/2020
Market Outlook/
Competition:
There are plenty of restaurants in the downtown area, but this one is better than most in terms of visibility and access to pedestrian traffic.
Growth & Expansion:
Owner does no marketing at present. Downtown Gainesville, tight density would lend itself well to a simple and cheap marketing campaign, such as canvassing.
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About the Sale

Reason For Selling:
Retirement

Listing Info

ID:
1580141
Ad Detail Views:
0

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Business Listed by

Keith Hazouri

Bosshardt Realty Services, LLC
License# SL341376

 Show Phone Number

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U.S. Census Data for Alachua County, FL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Alachua County, FL
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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