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Downtown Central Avenue Bar and Restaurant St Petersburg

Saint Petersburg, FL (Pinellas County)

Seller Financing Available
NOT ACTUAL PHOTO
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Asking Price: $1,400,000

Cash Flow: N/A

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $50,000

Inventory: $20,000

Rent: $7,700 /Month

Established: 2012

Downtown Central Avenue Bar and Restaurant St Petersburg

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Business Description

Bar / Restaurant / Venue on Central Avenue in Downtown St Petersburg

Business Description: Bar / Restaurant / Venue on Central Avenue in Downtown St Petersburg

This Offering is for the Business only and no real estate. The Offering does include a very attractive Lease and an extremely valuable 4 COP Liquor License.

This Most Popular Bar on Central Avenue in Downtown St Petersburg is now available for Purchase. Our Offering is for Turnkey Bar, Lounge, Resturant, DanceClub, Venue on Central Avenue. The Floorplan consists of buildout Kitchen * Multiple fully equipped liquor bars * Giant double wide sidewalk cafe * Dancefloor * Live Music / DJ Stage.

This Business is extremely well known and could be considered a destination place in a destination downtown in a destination city in a destination state. The Location benefits highly from the monthly First Friday and like most downtown businesses - so much so that rent is easily paid from this one evening.

The Walkability Score is a full 100% > Weekend Pedestrian Counts are as high as 4,200 person count per hour.

St Petersburg now has serious critical mass when it comes to downtown residents - within the last 5 years, thousands upon thousands now live in or near downtown. Pedestrian Traffic is at an all-time high - rivaling other great destinations such as Duvall Street, Bourbon Street, and Lincoln Road.

As mentioned earlier, this Purchase comes with a State of Florida Pinellas County 4COP Liquor License. This License is a Transferable Intangible Instrument of Value. Currently, this Instrument trades for $282,000.00 on the open Market. The point is that with purchase comes with a very liquid asset worth $282,000.00.

SPECIAL NOTE: Beauce of the sensitivity of Selling an On-Going successful business - the complete disclosure of the many valuable aspects of this fantastic operation cannot be revealed until after an executed NDA.

Location Description: Simply the Best location on Central Avenue. The Site sits on the best block in downtown St Petersburg. The Address is in the midst of all the action - surrounded by all the cool districts like Beach Drive / 600 Block / Jannus Block / The Edge and more. The location is easily accessible from all parts of the city being only 3 minutes to the Interstate * being between First Avenue South and First Avenue South which are the two One-Ways leading in & out of Downtown * being one minute from the 4th Street which is the major north-south corridor of St Petersburg that leads to many of the great neighborhoods.

Highlights
* Florida Bar & Restaurant
* Tampa Bay Metro Area
* St Petersburg Market
* Downtown Dining & Shopping District
* Destination Place in a Destination Area
* Total Turn-Key Operation
* Very Popular Establishment
* Giant Outside Sidewalk Cafe
* Vast Interior Bar & Venue
* 100% Walkability Score
* 4,200 Person Count per Hour

Detailed Information

Location:
Saint Petersburg, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller will stay on for training.
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Jon La Budde

Business Listed By:
Jon La Budde

Keller Williams Commercial

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