$395,000

0 Confidential Avenue

Ormond Beach FL, 32176

Description

Thriving hospitality business with solid financials. Annual revenue $1.8MM with annual income of $450K (25.5% margin). 27 month ROI. 12 year lease with below-market rate. $528K invested in build-out, leasehold improvements & FFE. Walking distance to beach. Owner will provide 12 weeks of consulting @ 40 hours/week.

Details

MLS#1044526
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2011
Days On Site579

Features

Story(s)1
ZoningRetail

Market Activity 32176

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Area Information

StateFL
CountyVolusia
CityOrmond Beach
Zip Code32176
Area16 - Ormond Beach Peninsula S of 40
Listing VS Median (in 32176)
Price:
$395,000
low | high
Med:
$289,900
76.607594936709% of Average
On Site:
579
low | high
Med:
61
100% of Average
Listing Updated: 01/20/2020
MLS Number: 1044526
Listing Provided By:
Mark Goodson  of  Adams Cameron Co. Realtors