Iconic Bar/Restaurant For Sale (Sarasota County, FL)
Asking Price: $1,295,000 Gross Income: $1,878,594 Cash Flow: $417,553 FF&E: $100,000 Inventory: $10,000 Employees: 10 Real Estate: Leased Lease Expiration: 7/30/2043 Established: 2001 Listing ID Number: BBF-8981-00295 Business DescriptionIconic and world-famous bar/restaurant known by locals and visitors as the best choice for late night eating and drinking. Located in a resurgent area with year-round client base, this is a landmark restaurant that offers fresh cooked food in huge portions. It is run semi-absentee and offers a great opportunity to take a VERY well-known business and build on the UNIQUE and FUN characteristics of this FAMOUS eatery. It boasts over 150 seats, with 2 full bars and deliveries. SRX license. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price.Facilities: Great location right in the heart of a resurgent and upcoming area of Sarasota. Long and attractive lease, 4,000 sq ft.Competition: This is a unique opportunity. The “one of a kind” landmark bar/restaurant that only come to market occasionally. Very strong brand and reputation.Growth and Expansion: Significant capital has been injected into this business recently meaning that a new owner will reap the return on Seller’s investment. Financial results are showing strong growth.Support & Training: Seller will provide two weeks’ training at no cost to Buyer.Reason for Selling: Other business interests. Asking Price: $1,295,000 Gross Income: $1,878,594 Cash Flow: $417,553 FF&E: $100,000 Inventory: $10,000 Employees: 10 Real Estate: Leased Lease Expiration: 7/30/2043 Established: 2001 Listing ID Number: BBF-8981-00295 Business DescriptionIconic and world-famous bar/restaurant known by locals and visitors as the best choice for late night eating and drinking. Located in a resurgent area with year-round client base, this is a landmark restaurant that offers fresh cooked food in huge portions. It is run semi-absentee and offers a great opportunity to take a VERY well-known business and build on the UNIQUE and FUN characteristics of this FAMOUS eatery. It boasts over 150 seats, with 2 full bars and deliveries. SRX license. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price.Facilities: Great location right in the heart of a resurgent and upcoming area of Sarasota. Long and attractive lease, 4,000 sq ft.Competition: This is a unique opportunity. The “one of a kind” landmark bar/restaurant that only come to market occasionally. Very strong brand and reputation.Growth and Expansion: Significant capital has been injected into this business recently meaning that a new owner will reap the return on Seller’s investment. Financial results are showing strong growth.Support & Training: Seller will provide two weeks’ training at no cost to Buyer.Reason for Selling: Other business interests. Asking Price: $1,295,000 Gross Income: $1,878,594 Cash Flow: $417,553 FF&E: $100,000 Inventory: $10,000 Employees: 10 Real Estate: Leased Lease Expiration: 7/30/2043 Established: 2001 Asking Price: $1,295,000 Gross Income: $1,878,594 Cash Flow: $417,553 FF&E: $100,000 Inventory: $10,000 Employees: 10 Real Estate: Leased Lease Expiration: 7/30/2043 Established: 2001 Asking Price: $1,295,000 Gross Income: $1,878,594 Cash Flow: $417,553 FF&E: $100,000 Inventory: $10,000 Employees: 10 Real Estate: Leased Lease Expiration: 7/30/2043 Established: 2001 Asking Price: $1,295,000 Gross Income: $1,878,594 Cash Flow: $417,553 FF&E: $100,000 Inventory: $10,000 Employees: 10 Real Estate: Leased Lease Expiration: 7/30/2043 Established: 2001 Asking Price: $1,295,000 Gross Income: $1,878,594 Cash Flow: $417,553 FF&E: $100,000 Inventory: $10,000 Employees: 10 Real Estate: Leased Lease Expiration: 7/30/2043 Established: 2001 Asking Price: $1,295,000 Asking Price: $1,295,000 $1,295,000 Gross Income: $1,878,594 Gross Income: $1,878,594 $1,878,594 Cash Flow: $417,553 Cash Flow: $417,553 $417,553 FF&E: $100,000 FF&E: $100,000 $100,000 Inventory: $10,000 Inventory: $10,000 $10,000 Employees: 10 Employees: 10 10 Real Estate: Leased website Real Estate: Leased Leased Lease Expiration: 7/30/2043 Lease Expiration: 7/30/2043 7/30/2043 Established: 2001 Established: 2001 2001 Listing ID Number: BBF-8981-00295 Business DescriptionIconic and world-famous bar/restaurant known by locals and visitors as the best choice for late night eating and drinking. Located in a resurgent area with year-round client base, this is a landmark restaurant that offers fresh cooked food in huge portions. It is run semi-absentee and offers a great opportunity to take a VERY well-known business and build on the UNIQUE and FUN characteristics of this FAMOUS eatery. It boasts over 150 seats, with 2 full bars and deliveries. SRX license. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price.Facilities: Great location right in the heart of a resurgent and upcoming area of Sarasota. Long and attractive lease, 4,000 sq ft.Competition: This is a unique opportunity. The “one of a kind” landmark bar/restaurant that only come to market occasionally. Very strong brand and reputation.Growth and Expansion: Significant capital has been injected into this business recently meaning that a new owner will reap the return on Seller’s investment. Financial results are showing strong growth.Support & Training: Seller will provide two weeks’ training at no cost to Buyer.Reason for Selling: Other business interests. Listing ID Number: BBF-8981-00295 Business DescriptionIconic and world-famous bar/restaurant known by locals and visitors as the best choice for late night eating and drinking. Located in a resurgent area with year-round client base, this is a landmark restaurant that offers fresh cooked food in huge portions. It is run semi-absentee and offers a great opportunity to take a VERY well-known business and build on the UNIQUE and FUN characteristics of this FAMOUS eatery. It boasts over 150 seats, with 2 full bars and deliveries. SRX license. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price.Facilities: Great location right in the heart of a resurgent and upcoming area of Sarasota. Long and attractive lease, 4,000 sq ft.Competition: This is a unique opportunity. The “one of a kind” landmark bar/restaurant that only come to market occasionally. Very strong brand and reputation.Growth and Expansion: Significant capital has been injected into this business recently meaning that a new owner will reap the return on Seller’s investment. Financial results are showing strong growth.Support & Training: Seller will provide two weeks’ training at no cost to Buyer.Reason for Selling: Other business interests. Listing ID Number: BBF-8981-00295 Listing ID Number: BBF-8981-00295 Listing ID Number: BBF-8981-00295 Listing ID Number: BBF-8981-00295 Business DescriptionIconic and world-famous bar/restaurant known by locals and visitors as the best choice for late night eating and drinking. Located in a resurgent area with year-round client base, this is a landmark restaurant that offers fresh cooked food in huge portions. It is run semi-absentee and offers a great
Iconic Bar/Restaurant For Sale (Sarasota County, FL) Read More »