Major National Franchise Restaurant/Bar

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Major National Franchise Restaurant/Bar

Restaurant/Bar

Restaurant/Bar for Sale

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

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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