27+ Years Well Established Full Service Restaurant & Pub

New Port Richey, FL

Seller Financing Available

Best French Onion Soup in Town
Asking Price:$95,000
Inventory:$7,000
Established Year:1997
Gross Revenue:$250,028
FF&E:$30,000
BUSINESS DESCRIPTION

Great opportunity to build a thriving restaurant and bar as the current location is not open on Sundays, Holidays, closes early and operates without any marketing efforts.This well-established, full-service restaurant and pub has been a beloved part of its community for over 27 years. Located just 2 miles from the beach, this 3,000 sq. ft. establishment offers a cozy, casual atmosphere where locals and visitors alike come to enjoy delicious steaks, hearty comfort food, craft beer, wine list and expertly crafted cocktails.
The restaurant features an open kitchen concept with a Chef's bar, providing a unique dining experience as patrons watch their meals being prepared. Known for its consistent quality and friendly service, this local gem is the go-to spot for casual dining, celebrations, and even a late-night bowl of their signature French Onion soup.
Key Highlights:
• SRX Restaurant License: Allows for the sale of beer, wine, and full liquor offerings, as long as 51% of revenue comes from food and non-alcoholic beverages.
• Prime Lease Terms: One year remaining on the lease with a 5-year renewal option. The landlord is a supportive, community-minded local resident.
• Strong Reputation: Excellent reviews and a loyal customer base make this a turnkey opportunity for the right buyer.
This is your chance to take over a thriving restaurant in a prime location with a proven track record of success. Don’t miss out on continuing the legacy of this iconic dining destination!


DETAILED INFORMATION
Location
New Port Richey, FL
Inventory
Included in asking price
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 3,000 sq ft restaurant & pub is located historic downtown area. There is approximately 1,000 sq ft outside seating and approximately 2,000 sq ft of inside seating. The lease has one year remaining with a 5-year renewal option. The landlord is a supportive, community-minded local resident.
Competition
This is the longest standing restaurant in the historic district. Local residents come to dine because it has been a consistent staple in the community for 27 years. The open cooking concept also brings in visitors and repeat customers. Many networking groups meet throughout the week and many community non-profits hosts dinners over the years.
Growth & Expansion
Currently the business is not Open On Sundays or Holidays. Currently the business closes at 10pm weekdays and 11pm on weekends. There is a recently approved Improvement Project for this downtown area which may bring many new customers.
Financing
negotiable
Support & Training
Seller is offering 3 weeks of transition training support as part of the sale.
Reason for Selling
Retirement
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Donna
Rayburn
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Donna Rayburn