Major National Franchise Restaurant/Bar

September 9, 2015

Asking Price: $215,000

Gross Income: $1,792,372

FF&E: $350,000

Inventory: $25,000

Established: 2011

Employees: 40

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

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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
This business is an established franchise