Country:

USA

State or Province:

FL

City:

Orlando

Location Zip or Postal Code:

32801

Service Type:

Sit-Down Table Service, Counter Service/Fast Casual, Catering

Title of Listing:

Perfectly located - Busy Downtown Orlando Restaurant and Bar for sale

Year Established:

2017

Number of Locations:

1

Number of Seats:

Less than 50

Size:

1830, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Hours of Operation:

Monday: 11am - 2am Tuesday: 11am - 2am Wednesday: 11am - 2am Thursday: 11am - 2am Friday: 11am - 4am Saturday: 11am - 4am Sunday: 11am - 4am

Growth or Expansion Opportunities:

Open for breakfast and add a liquor licence to the current beer and wine license

Reason for Selling:

Owner Retiring

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Training Provided:

Yes

Link to Facebook Page:

instagram: jameng_orlando.com

Website:

www.jam-eng.com

Asking Price:

$695000

Gross Revenue:

495000

Gross Revenue Range:

Under $500,000

EBITDA (Earnings before Income, Taxes and Depreciation):

$650000

EBITDA Range:

$100,000-$300,000

SDE Range:

$100,000

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

Yes

Inventory Value included in price?:

Yes

Vendor Financing Available:

Yes

Asset or Share Sale:

Asset

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

10 years

Total Monthly Rent:

$7000

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

This restaurant was fortunate to stay open throughout COVID as an "essential" business. Supporting the local community through a plethora of events. The restaurant currently serves Caribbean and British cuisines which are welcomed by business professionals, attorneys, office workers, hotel guests and hospitals surrounding the restaurant. Likewise having ¬9 nightclubs in walking distance, this restaurant is a go-to food place for party goers as the street outside the front of the restaurant is pedestrianized temporarily at night to accommodate the 20,000 party goes on a busy night. This location is a goldmine as it is located on a corner so is visible from multiple angles. The owner is retiring and looking for the right purchaser to continue the business. The owner is in no rush - just wants the right person in place.