Distress Sale! New Restaurant Buy or Sub-Let in Mandarin | Transworld Business Advisors

Distress Sale! New Restaurant Buy or Sub-Let in Mandarin

Listing Number: 7101-312301

Description

DISTRESS SALE! $25K could get you in a new restaurant buy or sub-let in great Mandarin fully occupied center with Outback as anchor. One of Mandarin's busiest finest retail corridor, a brand new Restaurant, completely built out and ready to go. The Owners live in Orlando and they left the Chef to run the business. It was discovered the Chef was misappropriating all of the cash. He left the business instead of facing prosecution. The owner cannot run the Restaurant and he simply wants to sell it for what he can. He is also willing to sub-let the Restaurant with a 25,000.00 down payment and rent for space and new equipment for $4,300.00. After 36 months, the equipment is owned, and rent goes down to $2700.00. This kitchen is awesome and would be perfect for large catering company, bakery, food preparation for wholesale sales. 25 freezers, natural gas, 3-phase electric, full hood, deep fryers, big tables, perfect for commercial food, take out, cafe, delivery.

It was a Brazilian Cafe specializing in Brazilian pastries and pot pies and lunches. Breakfast and lunch was provided. Newly open, and based on walk by traffic, and no advertising it grossed close to 200K.

Listing Details

  • Price: $70,000
  • Down Payment: $70,000
  • Sellers Discretionary Earnings: $0
  • Total Sales: $0
  • Location: Duval County, Florida

  • Inventory: $0
  • FF&E: $57,126
  • Employees:
  • Year Established: 2018
  • Reason for Selling: Chef absconded with money from Restaurant and Owner lives in Orlando. Must sell now.
  • Category: Restaurants
Distress Sale! New Restaurant Buy or Sub-Let in Mandarin

Contact Agent:

John Zarou