Prime Location Beach Bar/Liquor Store

Panama City Beach, FL (Bay County)

Prime Location Beach Bar/Liquor Store
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Asking Price: Get Financing: $1,600,000

Cash Flow: $139,062

Gross Revenue: $595,681

EBITDA: N/A

FF&E: $100,000

Inventory: $50,000

Real Estate: $1,575,000

Established: 2004

Prime Location Beach Bar/Liquor Store

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Business Description

If you are looking for the opportunity to purchase a well-established bar/liquor store located directly across the street from the beach and beautiful Gulf Of Mexico, look no further than this turnkey operation. Over 5,000 condos are within walking distance of this business. Plus, in excess of 300,000 vehicles pass in front of this business on a weekly basis during peak season. A bar/liquor store has operated out of this location since the 1970's and the Seller has owned this property since 2004. Tourists and locals have supported this business for nearly 50 years. And like many similar beach bars and liquor stores, sales are primarily driven by tourists and should be considered seasonal in nature. A 4COP/3PS beer, wine and liquor license valued at $350,000 is transferrable to a new owner. This business may be a good fit for someone looking to relocate to the highly desirable Emerald Coast and purchase a long-standing business and prime real estate for a GREAT PRICE!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,460
Employees:
4-FTE, 2-PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
In addition to the 2,460 sf bar/liquor store establishment, a 1,877 sf SFR is on-site. This structure can serve as housing for an owner/operator, a general manager or a residential tenant.
Competition:
Location, location,location; longevity of a bar/liquor store at this location; recognized for serving the best frozen drinks and bloody mary's on the beach
Growth & Expansion:
Revenue can be increased by adding food service (currently not offered), a drive thru lane for the liquor store and hosting karaoke and live music
Support & Training:
To be discussed with the Seller and/or general manager
Reason for Selling:
General manager desires to relocate; Seller unable to be an owner/operator
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Contact the Seller

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Jim Hinds

Business Listed By:
Jim Hinds

Emerald Coast Business Intermediaries

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Sponsoring Broker:
Jeff Moody

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