Unique Beer Wine Bar in High Traffic Location

Saint Johns County, FL

Seller Financing Available
Unique Beer Wine Bar in High Traffic Location

Asking Price:$190,000

Cash Flow:$54,255

Gross Revenue:$370,395

EBITDA:N/A

FF&E:$40,000

Inventory:$5,000*

Established:1993

*not included in asking price.

Unique Beer Wine Bar in High Traffic Location

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Business Description

Live in & Work in Paradise

Two businesses in one! Pub & vacation rental! Live in and work in paradise. Thousands of new St. Johns County residences every month coming to the area. High traffic tourist area pub where good times, sports and music make for a great atmosphere. Tons of “local” business as well. European sports niche has been carved out over the past 6 years. In the heart of St Augustine historic district. Been in business for going on 25 years continuously. 3 owners over the past 25 years. You can dine inside or choose to take in local scenery of beautiful St Augustine on the outdoor patio. A great selection of beer & wine as well as a easy to manage menu items make running this place very doable for the first time owner. There is a small vacation rental business included with upside possibilities. Rental is consistently 80 – 85% booked. VRBO and AirBNB are the two booking websites being used with great success. Huge social media footprint for both businesses established.
Financials: blend of 2 P&L's. Please refer to listing number 0101-24588, broker John Zarou when inquiring about this listing.

Detailed Information

Inventory:
Not included in asking price
Employees:
5PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lease/Month: 3,279 Square Footage: 3,000 Building Type: Free Standing Terms & Options: 5 Year Option. 2 leases 20 years and still going! Been around for a long time. Must see this charming place.
Competition:
Not a ton of places like this one. Very unique, must call to find out more.
Growth & Expansion:
There is room to grow in a few ways.
Financing:
Seller will finance a total $60k , for 48months, Rate: 6.00, monthly = $1,409.10
Support & Training:
Seller will train for 2 weeks at no cost
Reason for Selling:
other business interests

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Andrew Cagnetta

Business Listed By:
Andrew Cagnetta

Transworld Business Brokers, LLC.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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