NOT DISCLOSED, Florida
| Asking Price |
$500,000 |
Year Established |
2024 |
|
| Annual Revenue |
$762,025 |
Reason for Selling |
Semi-retirement and focus on other businesses |
|
| Annual P/L |
|
Attention |
Ron Vandiver |
|
| Annual Cash Flow |
$205,747 |
Listing Number |
989247 |
|
| # of Employees |
10 |
Business Category |
Miscellaneous: Non-classifiable |
|
Business Overview:
***Seller Financing and Motivated Seller***A renowned live music venue with a top-rated bar and grill is available for sale on the Gulf Coast of Florida for the asking price of $500,000. Real estate on US41 also available for $1.5M. or lease or redevelop. Seller has a construction company and can partner on the venture. Bring all offers!
This exciting eatery features a scratch kitchen serving fresh, not frozen or pre-made, food. The certified chef creates a culinary experience rivaling top tier restaurants. Plus, the venue features live music nights with a variety of talent from all over the country, plus Karaoke nights and more using state-of-the-art sound and light system.
The business generates $205,747 SDE on $762,025 annualized 2024 revenues based on prior seven months. The existing FFE is detailed in the report below with a conservative value of $355,487. The bar, floor, kitchen, stage, sound-system, game room, etc. are all new and in amazing shape.
The sellers are offering significant SELLER FINANCING for the right buyer displaying their confidence in the business. The sellers own a construction business and repairs or additions to the property can be negotiated or partnered on.
The current liquor license is 4COPsrx (with food), being upgraded to 4COP package liquor license valued at $800k also available for $650k or lease. Expectations of an additional 30% revenue growth with package liquor. This will add asset value to the business.
Great traffic of of Hwy41.
Don’t wait, make your dream of owning a live music bar & grill come true today!
Property Features and Assets:
Built in 1963, only the third restaurant to be in the location.
Market Competition and Expansion:
One of a kind live music venue and bar & grill with bars, beer towers, and game room in the area.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity