Asking Price: $90,000 Gross Revenue: $475,000Cash Flow: $30,000EBITDA: $40,000Inventory: $20,000 included in asking priceFF&E: $90,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
We have been operating as Greek Street Kitchen and Bar in this location for the past 18 months and were granted the ONLY full liquor bar exception in our zone. We are .6 miles from I95 and .5 miles from major medical facilities including Memorial Hospital and Brooks Rehabilitation. We have won #1 in the 904 for the past 2 years and maintain 4.5 to 4.9 Stars on all Google Maps, Yelp, Trip Advisor and Facebook. We have a favorable lease with a purchase option in our 4000 sq foot free standing building(seats 218) with our own parking lot. University Blvd has 39K+ cars a day of traffic.
We have been running positive numbers but, in retrospect, have realized that ethnic Greek is not the correct direction to make proper use of the full liquor bar. Consequently, we have begun a re-branding campaign as Streetside Bar and Grill in the past week. We are confident this will have a far broader appeal for American food and Happy Hours moving forward.
This would also be an extraordinary opportunity for new owners to purchase a turn-key restaurant and bar at a fraction of a build-out cost and come in with fresh ideas and take advantage of the beautiful facility and full bar. Contact us to make an offer.
About the Business
Number of Employees:
Building Sq. Ft.:
$15.50 Per Month
Full liquor bar (Only 4COP exception in zone) Fully custom built bar, tables, chairs and fixtures made of container metal, piping, wrought iron and wood. Items less than 2 years old include: New roof, Three 5 ton AC units, Rebuilt 10' x 10' Walk-In cooler, 8' x 5' LED cabinet street sign, Scotsman ice machine, hood motors. Also includes CAKE Point-Of-Sale Station and 2 remote apple tablets, 6 pull beer cooler, 2 deli coolers, char grill, 2 deep fryers, (all kitchen equipment), freezers, stainless steel tables, etc and all current bar and food inventor
Turn Key Restaurant and Full Bar in Jacksonville Florida
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