Asking Price:$325,000
Cash Flow:$199,607
Gross Revenue:$558,086
FF&E:$50,000
Inventory:$10,000
Established:2010
Business Description
Profitable Buffet Style Restaurant – Easy to Run
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.
Detailed Information
- Inventory:
- Included in asking price
- Real Estate:
- Leased
- Building SF:
- 4,000
- Employees:
- 5
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- 4000 square foot space includes dining room, kitchen, bar and function room.
- 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.
- Financing:
- $125K for 48 months @ 6% for qualified buyers
- Support & Training:
- One week at no cost
- Reason for Selling:
- Discuss with seller