Asking Price: $1,295,000
Gross Income: $1,878,594
Cash Flow: $417,553
Real Estate: Leased
Lease Expiration: 7/30/2043
Listing ID Number: BBF-8981-00295
Iconic 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.
Furniture, 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.
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