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Broker Contact Information |
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Confidential | Listing ID: 20283 |
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| Asking Price: |
$1,499,000  |
Status: |
Active |
| Business Type: |
Fine Dining Restaurant |
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| Business Location: |
St. Augustine, Florida |
Broker Coop: |
Yes |
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St. Johns County |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$1,001,339 |
Full-Time Employee: |
16 |
| Cash Flow: |
$3,316 |
Part-Time Employee: |
9 |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
S Corporation |
Leased SqFt: |
6,032 SF |
| Year Established: |
2007 |
Rent /Month (Include NNN): |
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| Accounting Info(years): |
2008,2007 |
Lease Exp.Date: |
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| Franchise: |
No |
Original Lease (# of yrs): |
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| Liquor License: |
No |
Lease Left (# of yrs): |
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| Seating Available(#): |
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Lease Option (# of yrs): |
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| Parking Space(#): |
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Lease Renewable: |
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| Hours of Operation: |
open Seven days a week |
Lease Transferable: |
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| Reason For Sale: |
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Rent Increase: |
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| Seller Training Available: |
Yes |
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Price Description |
Financial Information |
| Real Estate Included: |
Yes |
Seller Cash Out: |
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| Real Estate Value: |
$1,400,000 |
Seller Financing Available: |
Yes |
| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
$400,000 |
| Fixture & Equipment Value: |
$185,000 |
Seller Financing Term(years): |
60yrs |
| Inventory Included: |
Yes |
Annual Interest Rate: |
6.5% |
| Inventory Value: |
$15,000 |
Min. Down Requested: |
$1,099,000 |
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Business Description |
Just Reduced! Must see stylish restaurant located in high traffic area. Business has been open for less than two years and is rapidly moving into the black. It will also benefit when road construction is completed in the near future. This year owner stopped serving lunch, this lowered gross sales but improved profitability. This establishment would greatly benefit from a full time owner/operator. |
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