Iconic Bar/Restaurant - Fantastic Location!

Sarasota, FL (Sarasota County)

Seller Financing Available
Iconic Bar/Restaurant - Fantastic Location!
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Asking Price: Get Financing: $1,295,000

Cash Flow: $417,553

Gross Revenue: $1,878,594

EBITDA: N/A

FF&E: $100,000

Inventory: $10,000

Lease Rate: $8.25 /SF/Year

Established: 2001

Iconic Bar/Restaurant - Fantastic Location!

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Business Description

World-Famous Eating Establishment with Phenomenal Growth!

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.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
7/30/2043
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Great location right in the heart of a resurgent and upcoming area of Sarasota.
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 & 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.
Financing:
Negotiable
Support & Training:
Seller will provide two weeks' training at no cost to Buyer.
Reason for Selling:
Other business interests
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(from currently available funds)
 
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Ian Harding

Business Listed By:
Ian Harding

Harding & Associates

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