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Own a Piece of History: Iconic BBQ & Steakhouse for sale in Duval County, FL

Duval County, Florida (FL)

Asking Price: Gross: Cash Flow:
$ 1,222,000 $ 3,502,235 $ 555,605

Furniture and Fixtures Value:
$ 587,382 (included in the asking price)

Inventory Value:
$ 29,000 (included in the asking price)

Business Summary:
An Iconic and famous family style BBQ & steakhouse for 26+ years! Prides itself in serving high volume and large regular customer base, that is a dream for any successful restaurateur. A very well-established operation with some staff members who have been there from the beginning. Known for slow smoked pork butts & beef brisket for 14 hours every night & hand cut steaks by in-house butcher. All vegetables from the local farmers market, everything prepared from scratch. Full-service bar (SRX), banquet room for 80 guests, outside seating on screen porch & 300 seats inside. Great books & records and huge potential of continuing growth. Turn-key with great management in place. SBA Lender approved with generous Seller financing, growing sales with increased Net via newly implemented expense control and only $160K down = This will go fast so email me TODAY for an NDA! Please refer to listing #7101-995893, Agent John Geiwitz when inquiring about this listing. Thank you!

 

   
Year Business was Established: 1997
   
Number of Employees: 4 Mgrs/15 FT/ 45 PT  
   
Facilities / Terms of Lease: Type of Location Restaurant Facilities Monthly Rent $17,320.00 Square Units (Foot, Meter) 8,968 Lease Expiration Date August 31, 2031  
   
Owner willing to finance: Owner Financing Terms $200,000.00 Owner Financing Interest 6% Owner Financing Terms Months 120 Other Financing Amount $892,000.00 Other Financing Interest 9% Other Financing Term Months 120  
   
Owner willing to train: Will train for 3 weeks @ no cost  
   
Reason for selling: Other Business Interests  
   
Seller Reference Number: 7101995893
BusinessMart.com Listing Number: 305920
 

 

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For more info contact:

Andrew Cagnetta

Transworld Business Brokers
904-992-2223

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