Major National Franchise Restaurant/Bar

Business Description

Major National Franchise Restaurant/Bar at knock down price!

National Franchise Bar and Restaurant with a European theme. Located in one of the busiest and most affluent areas of town. Absentee ownership has been the only thing holding this bar back. Sales of $2.8M in 2012. Active owner could return this jewel to its past glory.
COG running at 43.5% could be lowered to quickly return location to profitability.

Detailed Information

Inventory:

Included in asking price

Furniture, Fixtures, & Equipment (FF&E):

Included in asking price

Facilities:

9,000 square foot restaurant/bar located near many office complexes on Jacksonville’s busy Southside of town. Good frontage and building is in great shape. Lots of parking available for clientele.

Competition:

Great location. Business needs fresh energy from experienced operator.

Growth & Expansion:

Business is currently run absentee by owners with no restaurant/bar experience. COG ran at 43.5% in 2014. Simply controlling COG should turn this location around and deliver a healthy profit. A skilled and experienced operator could return this location to the level it hit in 2012 when sales were $2.8M.

Support & Training:

14 days at no cost

Reason for Selling:

Discuss with seller

Franchise:

This business is an established franchise

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