Price Reduced! Destin Rest/ Bar, Prime Location

Destin, FL (Okaloosa County)

Seller Financing Available
Price Reduced!  Destin Rest/ Bar, Prime Location
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Asking Price: $197,000

Cash Flow: $163,000

Gross Revenue: $1,365,000


FF&E: $68,000

Inventory: $19,000*

Rent: $0.00

Established: 2017

*not included in asking price.

Price Reduced! Destin Rest/ Bar, Prime Location

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Business Description

Beautiful restaurant/bar located in a premium location on Hwy 98. Business is profitable with good cash flow, has a well-trained staff and loyal customer base. It is newly renovated with unique décor. It occupies 4600 sq. ft. and seats 160. There is a large stage for live music Two bars have a large selection of draft beers. This is an unusual opportunity to own a very profitable, turnkey business and live on the beautiful gulf coast.

Detailed Information

Destin, FL
Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
8 F/T; 2 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Restaurant was remodeled in 2016, has an updated kitchen & is in excellent condition. It seats 160+ It's in a prime location on Highway 98 in Destin, FL
As is true with all restaurants, there is competition. The market area is one of the leading tourist destinations in the southeast and it's growing.
Growth & Expansion:
Located in a prime expansion area, there is always room for growth.
Seller will provide financing with substantial cash injection, below bank rates
Support & Training:
Seller will provide sufficient training to ensure a smooth transition.
Reason for Selling:
Seller has health issues and wishes to semi-retire.
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Frank Fitzsimmons

Business Listed By:
Frank Fitzsimmons

Pensacola Business Brokers

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