One of Sarasota's best priced leases in the middle of St Armands Circl
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City/county includes $20 Million area Investment
Tangible Assets
Please sign NDNC to receive
Includes:
Kitchen equipment (model/serial if valuable under separate cover)
Bar equipment
Pizza Oven from Italy)
POS hardware (leased)
Furniture, fixtures, décor (Not included Monkey Artwork, Disco Ball and Music System as they a personal to owner)
Small wares
Phone numbers
Website, domain, email accounts
Social media accounts
Recipes
Vendor relationships (non-assignable acknowledgment)
FF&E
Inventory
Intangible assets / goodwill
Covenant not to compete (if used)
Mutually agreed IRS form (Form 8594).
Lease Assignment (very favorable) With signed NDNC
Define:
Rent
Term
Options
Personal guaranty (or limits)
4COP liquor license (ask for details- assistance with transfer after closing.)
New remodel
Exhibits & Addenda Checklist after receipt of NDNC
Exhibit A – Asset Inventory
Exhibit B – Lease / LOI / Assignment
Exhibit C – Allocation Schedule
Alcohol License Addendum
Inventory Valuation Addendum
Non-Compete Agreement
Please sign NDNC to receive
Includes:
Kitchen equipment (model/serial if valuable under separate cover)
Bar equipment
Pizza Oven from Italy)
POS hardware (leased)
Furniture, fixtures, décor (Not included Monkey Artwork, Disco Ball and Music System as they a personal to owner)
Small wares
Phone numbers
Website, domain, email accounts
Social media accounts
Recipes
Vendor relationships (non-assignable acknowledgment)
FF&E
Inventory
Intangible assets / goodwill
Covenant not to compete (if used)
Mutually agreed IRS form (Form 8594).
Lease Assignment (very favorable) With signed NDNC
Define:
Rent
Term
Options
Personal guaranty (or limits)
4COP liquor license (ask for details- assistance with transfer after closing.)
New remodel
Exhibits & Addenda Checklist after receipt of NDNC
Exhibit A – Asset Inventory
Exhibit B – Lease / LOI / Assignment
Exhibit C – Allocation Schedule
Alcohol License Addendum
Inventory Valuation Addendum
Non-Compete Agreement
About the Business
- Years in Operation
- 2
- Employees
- 23 (15 Full-time, 8 Part-time)
Buyer may rehire at buyer’s discretion. Seller shall be solely responsible for a - Facilities & Assets
- Come by to see the restaurant. Please call the realtor for appointment
The owners have the authority to sell this going concern
restaurants Assets are free of liens
there are no undisclosed litigation
We are in compliance with laws
We have No outstanding health violations
4cop License (Florida Restaurant License) with bartenders who would like to stay on board - Market Outlook / Competition
- Demand Drivers (Why Restaurants Still Work Here)
A. Tourism + Seasonal Population
Downtown Sarasota continues to benefit from year around tourism and a high spend seasonal population focused on Main Street, Palm Ave, Bayfront, and Blvd of the Presidents. [ according to visitsarasota.com]
Food festivals, arts venues, and walkability remain major foot?traffic engines
B. Income & Demographics
High concentration of second homeowners, retirees, investors, and luxury condo residents
Diners increasingly prioritize experience over price, aligning with upscale/full-service concepts
Strong preference for:
Turnkey or lightly convertible spaces
Favorable leases (long term + options)
Alcohol capability (SRX viability)
Valuation Trends
Good operators with transferable licenses still command premiums
Key risk: Buyers walk quickly if lease or license is unclear. - Opportunities for Growth
- Closing Mechanics: Closing date
Bill of Sale
Assignment documents
Keys, codes, passwords delivered at closing
Require POS data wipe or transfer protocol
Inventory counted within 24 hours of closing
Tie escrow release to written joint instructions unless default is clear.
Exhibit A – Asset Inventory
Exhibit B – Lease / LOI / Assignment
Exhibit C – Allocation Schedule
Alcohol License Addendum
Inventory Valuation Addendum
Non-Compete Agreement
This Agreement is contingent upon Buyer receiving written landlord consent to assignment or execution of a new lease on terms acceptable to Buyer. This is one of the most favorable priced leased in the area (about half) Including extensions terms allow for up to 14 years on the Lease.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 6,000
About the Sale
- Seller Motivation
- 500-year flood, Seller used most of all his reserves coupled with slow 2025 reve
- Transition Support
- Non-compete (Longboat Bridge to Ringling Bridge)
Non-solicitation of employees
Confidentiality survival
Inspection window (typically 15–30 days)
Financial review
Lease review
Equipment inspection
Health records review - Financing Options
- None
Listing Info
- ID
- 2494701
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2494701 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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