914 King St
Jacksonville, FL 32204
Kickbacks Gastropub/ Goozlepipe & Guttyworks · Retail Property For Sale

This is a turnkey performing asset, NOT a distressed property. VALUE ADD is HUGE as current owner is generating over $3M annual gross revenue with absolute ZERO marketing or advertising, ZERO special events, social media or local marketing. The restaurant hosts hundreds of catering events privately in addition to standard client business. The basement with private locker access generates additional revenue and lockers, which are contracted annually, have a waitlist! There is ample room to add entertainment, create a "sports bar" area, bring back breakfast/ brunch menus, promote beer and liquor sales and more, which would easily double or triple annual revenues. OPTION 1: Purchase this incredible historic 17K restaurant bar with liquor license, liquor, beer and food inventory, and business for a negotiable price. OPTION 2: Purchase the REAL ESTATE priced at $6.8M for the deemed historic 17,000 sft grandfathered restaurant spanning 3 stories, and lease back the operation to the current owner for up to 24 months, while finding an operations partner or tenant to take over the business; OPTION 3: Purchase the current successfully operating business, with longterm employees (also optional) and inventory, (or partial inventory as the restaurant houses a large selection of specialty beer which may or may not suit the needs of the new business owner) now for an agreed-upon purchase price and terms, with up to 24+ months to buy or find a partner-buyer for the real estate! OPTION 4: Purchase the real estate and as much of the inventory as will suit you as the new owner....with 50% down payment; seller will hold a first mortgage with a balloon period. One of a kind opportunity to own a world-renown "steampunk" style bar/restaurant establishment! Second largest draught beer selection in the world, including exclusive distribution of Belgian imports! Private "speakeasy-style" downstairs that currently hosts 3-5 private catered events weekly, and includes an exclusive small, private, members-only locker room with full service booked by private reservation; three levels of dining, including a sports bar with multiple tv's, a main bar/dining area, upper story with additional dining, offices and 1 bedroom apartment! 17 year established operation by original owner, with staff members that have remained over 10 years!!! There is truly nothing like this eclectic, artistically designed restaurant, with competitive cap rate and much higher pro forma rate. Call agent today for a private tour!!