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1st Southern Style Franchise

Jacksonville, FL
Building We Own
Asking Price:$2,000,000
Gross Revenue:$1,100,000
FF&E:$25,000
Established Year:2014
Cash Flow:$700,000
Inventory:$3,000
Real Estate:$500,000
Listing ID: 2256264Listing provided by BizBuySell
BUSINESS DESCRIPTION

We are an established restaurant that has been around 10yrs. We serve traditional southern style cuisine. The menu consists of food that we grew up on in the south and was served in many homes as Sunday dinners. We currently have 2 locations plus a food truck. We feel this concept will thrive just about anywhere you put one. We are currently finishing up the ability to start franchising. We own one of our buildings but we lease the other. The 2nd location is actually being franchised by someone.

DETAILED INFORMATION
Location
Jacksonville, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,200
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Comes with the building and all that is in it: furnishings, inventory, smallwares, equipment, employees. The building we own is a rather older building, we are in the process of having the roof replaced July 2024. The 2nd location is a leased building that was recently remodeled before we took over the building. The landlord is responsible for all roof repairs. It also comes with the established food truck.
Competition
We are one of the very few that serves the type of food we offer in a decent area. There is one bigger competitor however in the past 10yrs of being opened we have taken a chunk of their business. We are often compared with them when customers are reviewing on social media or review sights such as yelp or google.
Growth & Expansion
We feel there is so much growth opportunity. We are barely scratching the surface on opportunity. The skies the limit with what you can do. We feel we lack the resources to take it to the next level and the right owner could come in and do what we wanted to do or what wished we could have done.
Support & Training
that is something we can negotiate at time of sale. We want whoever takes over to be successful so we are open to what is needed.
Reason for Selling
ready to retire.
BUSINESS LOCATION
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Catherine Jones
Phone Number
Catherine Jones
Call Phone