20% DOWN! One Of A Kind Restaurant/bar With Real Estate

Saint Petersburg, FL (Pinellas County)

Seller Financing Available
20% DOWN! One Of A Kind Restaurant/bar With Real Estate
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Asking Price: $1,600,000

Cash Flow: $400,000

Gross Revenue: $2,324,356

EBITDA: N/A

FF&E: $250,000

Inventory: $1,000

Real Estate: $940,000

Established: 1961

20% DOWN! One Of A Kind Restaurant/bar With Real Estate

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Business Description

SBA Pre qualified or Assumable loan AVAILABLE!
I CANT BELIEVE THIS ONE IS FOR SALE!!! REAL ESTATE INCLUDED. Very rare opportunity to own this one of a kind landmark attraction Restaurant/Bar with two separate drive thru's. Three buildings on this property. This place is fun for all ages and super busy. Seats 275 indoor/outdoor with a full 4cop SFS liquor license. Known for hosting fun events and live entertainment. The sky is the limit with what you can do.
Cash flow reflects owner operator.

This is also great re-development property for builders.
***CALL GEORGE ANTONAKLAS TODAY 727-458-5565***

IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!

Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.

Detailed Information

Location:
Saint Petersburg, FL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
6,300
Employees:
36
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Real estate has just been appraised for $940,000. Fully functional kitchen with new equipment. 2 outdoor bars and a huge outdoor patio.
Competition:
One of a kind!
Growth & Expansion:
Add catering and delivery
Financing:
To a qualified buyer with $700,000 down, remainder over 120 months at 6%
Support & Training:
2 weeks at no cost
Reason for Selling:
Relocating
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Contact the Seller

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George Antonaklas

Business Listed By:
George Antonaklas

Realtec Business Brokers

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Sponsoring Broker:
Rick Gruber

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