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Posts Tagged ‘Sell a business’

Beach Restaurant – Great Cashflow

Breakfast

Beach Restaurant – Great Cashflow

Asking Price: $124,995
Cash Flow: $103,326
Gross Revenue:$373,474
Inventory:$4,000*
Rent:$4,100 /Month
Established:2015
*included in asking price.

Business Description
Beach Town Restaurant

St. Augustine Breakfast and Lunch restaurant. Just a short distance from the beach. Great location with good reputation. Full kitchen with hood system. Popular with locals and tourists alike with lots of positive reviews. Choose to open for dinner to increase sales. Also opportunity to expand into catering and delivery. With options lease can be extended through 2031. Seller will train new owner.
Detailed Information 


Location: Saint Augustine, FL

Real Estate: Leased Building SF:2,500 Lease Expiration:12/31/2021

Employees: 4

Facilities: 2500 Square Foot on busy road. Hood system in place. Also large food prep area that could be used for catering.

Competition: Quick turn times and good food give this business an edge.

Growth & Expansion: Add hours, catering and or delivery to grow business.

Support & Training:2 weeks at no cost

Supermarket – Includes Real Estate

Meats


Supermarket incl. Real Estate – Great Cashflow and Books

Asking Price: $995,000
Cash Flow: $293,076
Gross Revenue: $1,775,770
FF&E: $40,000 included
Inventory: $30,000 included
Real Estate: $400,000 included

Business Description

Established grocery store and meat shop (Real Estate included!) with local clientele and a community presence for over 30 years. Well known for its meat selection and friendly customer service. 3,500 sq ft building and land included in price. Sits on almost 3/4 of acre with 390 ft of frontage on busy highway. Lots of room to expand. Highly profitable with good books. Price includes $30,000 of inventory. Limited hours – longer hours would present great opportunity for new active to grow business. Seller will train buyer for 30 days at no cost. Great cashflow and lots of potential so call today!
Listing is strictly confidential. NDA and financial statement required. Only serious buyers please.


Detailed Information
Location:Jacksonville, FL

Inventory:Included in asking price

Real Estate: Owned Included in asking price

Building SF:3,500

Employees:6Furniture,

Fixtures, & Equipment (FF&E):Included in asking price

Facilities:3500 square foot building. Located on almost 3/4 acre of land. Room to expand operation. 390 feet of frontage on a busy road.

Competition:Decades in business and still going strong proves that this business has really no cons.

Growth & Expansion: There is room to expand the business on adjacent lots (included in sale). Also only open limited hours. Increase hours, expand operation and watch more money flow in.

Support & Training:4 weeks at no cost. Learn from the best in the business

Reason for Selling: Retirement

 

Jacksonville Ice Cream Store

Asking Price: $59,950

 

FF&E: $75,000

Inventory: $5,000 included

Business Description

Ice Cream Store – Bring Offers

Fun business being sold for much less than startup cost. Serving the best freshly made gelato and deserts to grown-ups and children alike. Excellent online reviews and easy to run. Brand new equipment in place. Motivated sellers are relocating so you can gain from their loss. Tasteful build-out in shopping center anchored by major supermarket. Benefit from this bargain price and take the business to the next level. Have fun doing it. Call today.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
6/1/2021
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
900 sq ft. Tastefully built out and located in retail shopping center anchored by a major supermarket.
Competition:
This is the only business in the area specializing in this product.
Growth & Expansion:
Seller has quickly built up a solid reputation with excellent social media reviews. Continue with this one easy to run store or expand to additional locations.
Support & Training:
One week at no cost
Reason for Selling:
Relocation

Fast Food Franchise – Jacksonville

Fast Food

 

Price: $90,000


Rent:$4,000 /Month
Established:2019

Business Description
Fast Food Franchise – Easy to Run

Exciting opportunity to get in on the ground floor of a new franchise developed by successful franchiser. With several locations up and running and more on the way this fast food concept is primed for rapid growth. Simple food with healthy options. Easy to prepare and solid margins. $90,000 covers franchise fee and complete build out of store in an excellent location. Franchise will train and support. As a bonus buyer gets rights to two additional locations.


Detailed Information

Location: Jacksonville, FL

Real Estate: Leased Building SF: 1,500 Lease Expiration: 11/30/2022

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: 1500 Square Feet of space in an excellent location.

Competition: Located in a growing neighborhood with excellent traffic.

Growth & Expansion: This is a hot franchise concept. Easy affordable food and already proven to be a winner.

Support & Training: Franchise will train new owner

Reason for Selling: Expanding FranciseFranchise:This business is an established franchise

Business Broker as Transaction Broker

Transaction Broker

Business Broker as Transaction Broker

In the State of Florida business brokers are required to have a real estate license in order to sell businesses. Unlicensed activity is considered a third-degree felony and punishable by up to five years in prison. However, while we share the same license with realtors there is a key difference in how we operate. Most realtors work as “single agents”. This means that they can only work with buyer or seller not both and that they have fiduciary duties as well as the duty of loyalty to their client. business brokers on the other hand rarely work as single agents. Instead we choose to work as “Transaction Brokers”

As a transaction broker we provide buyers and sellers with a limited form of representation. Unlike single agency transaction brokers do not have a fiduciary duty and to not owe the buyer or seller loyalty. Instead our job is to facilitate the transaction. In this way we can expedite a business transaction by representing both parties.

We are in effect a neutral party. However, we still owe both parties limited confidentiality. This means for example that we are not allowed to tell the seller that the buyer will offer more or tell the buyer that the seller will take less without permission from the party in question.

The transaction broker has the following duties to both buyers and sellers.

1.  Dealing honestly and fairly;

2.  Accounting for all funds;

3.  Using skill care and diligence in the transaction;

4.  Disclosing all known facts that materially affect the value of real property and are not readily observably to the buyer.

5.  Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing.

6.    Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, or the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information by a party to remain confidential; and

7.  Any additional duties that are entered into by separate written agreement.

 

Acting as transaction brokers allows us better assist both buyers and sellers of businesses which ultimately is to the advantage of all parties.

 

Anthony John Rigney is a Jacksonville based business broker and Board-Certified Intermediary (BCI). He is also the President of the North Florida district of the Business Brokers of Florida (BBF). If you are interested in buying or selling a business – contact Anthony today at www.904broker.com

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