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Waterfront Restaurant

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Waterfront Restaurant
Listing ID:  20460
Asking Price: $690,000 Status: Active
Business Type: Food and Beverage Businesses  |  Entertainment and Leisure - Bar, Tavern, Night Club Reference #: 80012
Business Location: Casual SeafoodFlorida Broker Coop: Yes
Duval County
Annual Income Information
Labor Information
Gross Sales: $1,390,000 Full-Time Employee: 13
Cash Flow: $191,090 Part-Time Employee: 1
Business Detail Information
Lease Information
Form of Ownership: S Corporation Leased SqFt: 5,000 SF
Year Established: 1999 Rent /Month (Include NNN): $1,965
Accounting Info(years): 3 Lease Exp.Date: 1-2-2019
Franchise: No Original Lease (# of yrs):
Liquor License: Yes Lease Left (# of yrs):
Seating Available(#): 0 Lease Option (# of yrs):
Parking Space(#): 0 Lease Renewable:
Hours of Operation: M_F 4-10 PM Sat/Sun 10am-10pm Lease Transferable:
Reason For Sale: Has other Business Venture Rent Increase:
Seller Training Available: Yes   (4 weeks at NO cost)
Price Description
Financial Information
Real Estate Included: No Seller Cash Out: Yes
Real Estate Value: Seller Financing Available:
Fixture & Equipment Included: Yes Seller Financing Amount:
Fixture & Equipment Value: $35,115 Seller Financing Term(years):
Inventory Included: Yes Annual Interest Rate:
Inventory Value: $5,000 Min. Down Requested:
Business Description
Full SRX bar license with a casual waterfront atmosphere that after 7 months in 2009 continues to ROCKET in sales. The menu is casual with lots of seafood entrees with an extremely reasonable price tag! Locals & Tourist enjoy live music on the deck while watching gorgeous sunsets & boats come & go. There seems to be no recession here & established business continues to soar new heights & has outlasted all competition. Seasoned skilled restaurant buyers will NOT be disappointed!


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