Destination Restaurant-Bar: 350+ Seats and Live Music

Asking Price$999,990

Cash Flow
$630,010
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,396,459

Inventory$10,000
Included in asking price
FF&E$160,000
Included in asking price
Real Estate$2,500,000
Not included in asking price
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Destination Restaurant-Bar: 350+ Seats and Live Music


Asking Price$999,990

Cash Flow
$630,010
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,396,459

Inventory$10,000
Included in asking price
FF&E$160,000
Included in asking price
Real Estate$2,500,000
Not included in asking price
Business Description
Incredible opportunity to buy a thriving full-service bar and restaurant that fits all preferences—casual after-work happy hour, weekend outings, sports bar environment, or family-friendly relaxed dining. All under one roof in a growing South Sarasota County community. Indoor and outdoor seating accommodates over 350 patrons and includes three full bars plus a weekend beer and wine bar. Revenue reflects a recent expansion that doubled the outside seating and bar space.

Over 23,000 cars pass by this corner location daily on the main route through town. It is a destination favorite for tourists and locals alike, outside of any flood zones but close to the beach. The lease or the real estate is available for $2,500,000 as well.

Reasonable prices, good food, and generous pours create a welcoming environment where you can get to know your favorite bartender or see your neighbors. Best outdoor seating in the area with live music several nights a week.

SBA lender pre-approved with or without the real estate, and working capital is also available for qualified buyers.

Priced well, this may be an excellent opportunity for an investor owner-operator moving to the area or looking for a 1031 exchange. SBA lender pre-approved and eligible for an E-2 Visa.

Requires NDA and proof of funds to learn more. Inquire today!

Listing # 924-36196
About the Business
Years in Operation
17
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
7,970
About the Sale
Seller Motivation
Semi-Retirement
Transition Support
Weeks Training: 2 Cost: $0
Financing Options
$199,998 down / 120 payments of $10,571.95
Listing Info
ID
2443346
Listing Views
48

Contact Seller

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Business Listed by: Steve Rietbergen American Business Brokers

Listing ID: 2443346 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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