Country:

USA

State or Province:

FL

City:

St. Augustine

Location Zip or Postal Code:

32084

Title of Listing:

Elegant Restaurant in beautiful historic St. Augustine

Year Established:

8

Number of Locations:

1

Number of Seats:

51-150

Size:

1550, Square Feet

Patio:

Yes

Number of Employees:

11-50

Hours of Operation:

Sun - Thurs 4:30 to 11p, Fri - Sat 4:30 to 2a

Growth or Expansion Opportunities:

Add lunch or brunch

Reason for Selling:

Retirement

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Training Provided:

Yes

Link to Facebook Page:

https://www.facebook.com/biancaevansbroker/

Asking Price:

$399,000

Gross Revenue:

1289932

Gross Revenue Range:

$1,000,000+

EBITDA Range:

$100,000-$300,000

SDE (Sellers Discretionary Earnings):

$167,789

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Estimated Value:

$30,000

Inventory Value included in price?:

Yes

Asset or Share Sale:

Asset

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

expires 4/18 with one five year option, but landlord is negotiable for longer term

Total Monthly Rent:

$2329

Financial Comments (include any Financing information that may be useful):

Business is lender pre-qualified based on P & L and tax return data, expect 15%-25% with SBA backed financing. Could be a candidate for a Visa as well. Seller may consider some seller financing for qualified buyers.