Buffet Style Restaurant for Sale

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The value of potential when selling your business
September 20, 2018
Barber Shop for Sale $74,900
October 15, 2018

Buffet Style Restaurant for Sale

Food Buffet

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

 

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