Key West Bar and Restaurant!

Key West, FL (Monroe County)

Seller Financing Available
Key West Bar and Restaurant!
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Asking Price: Get Financing: $75,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $68,000

Inventory: $6,500*

Lease Rate: $56.55 /SF/Year

Established: N/A

*not included in asking price.

Key West Bar and Restaurant!

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Business Description

This is a very nice beer/wine bar, sit down or take out restaurant and pizzeria in the heart of Key West. They just added fried chicken and also offer a wide selection of Gelato. The ingredients in their pizzas are top quality!! You can keep the menu or change it to your favorite recipes. It is right on Duval in the midst of the heavy foot traffic. The store has been operating for many years. There are many guest houses and hotels in the area. Delivery can be added too. The business operates with the owners and staff.

The space is large at 1,876 +/- sq ft per the lease. Base rent is $8,841 plus insurance and tax. Very inexpensive psf, per square foot, rent on Duval. Space is large enough to bring your creative ideas.

Note:
The above set forth information has been secured from the Seller. Broker in no way guarantees the accuracy of such information, nor does it warrant any assumptions as true and correct. The business may be withdrawn from sale without notice. Past performance is no guarantee of future results. Buyer to perform their own due diligence with their accountant and advisors.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,876
Lease Expiration:
9/30/2022
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facilities are in great shape as they recently renovated and upgraded the equipement. There is a rear kitchen area with a walk-in freezer. There is a lot of space to expand the business with catering or other food products. Seller has 4 years remaining on the initial lease term, plus a 5 year option after the initial term.
Competition:
There are many food choices along Duval. The seller has focused on good quality food ingredients and products. They are a sit down, in A/C, pizza, beer/wine and ice cream shop. Many of the competitors don't have the climate controlled seating area facing Duval. Customers can people watch in comfort. They also sell by the slice for people wanting to grab a beer and eat on the go.
Growth & Expansion:
There is a lot of growth potential. The seller is looking at delivery, catering, additional food lines. The large rear kitchen can be used for much more than it's used now.
Financing:
Possible to qualified buyer
Support & Training:
The seller is willing to provide a solid training and transition period for the buyer. It's not a complicated business.
Reason for Selling:
Focus on other business interests.
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Business Location


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(from currently available funds)
 
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Arne Lebrato, MBA, CPA

Business Listed By:
Arne Lebrato

Florida Keys Real Estate Co.

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