Bar and grill for sale - $234,000 Annual Owner Profit- Low Rent

Tallahassee, FL
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Asking Price:$699,000
Gross Revenue:$1,292,116
Established Year:2018
Cash Flow:$234,163
Rent:$5,300/Month
BUSINESS DESCRIPTION

This Bar and Grill for Sale in Tallahassee is primed for a new owner, and that owner could be YOU! Bring your offers to this established business, which consistently delivers over $234,000 in annual profits.
Don't miss out on this rare opportunity. Not only is this Bar and Grill for Sale generating substantial income, but it's also in a prime location, fully built out, with a proven menu. It is one of the few destinations in the area offering entertainment, contributing to consistent growth in sales and brand loyalty. The market is consistenly growing in population and large corporations are taking notice making this area next on their list.
When you purchase this Bar and Grill for Sale from We Sell Restaurants, you gain a fully established and profitable business that is projected to reach $2 million in sales in 2024. The seasoned and trained staff, along with an experienced management team, are already in place. The current owner, selling for personal reasons, has been at the helm since 2018 and will stay on board post-sale (as negotiated) to provide you with comprehensive training.
The lease on this Bar and Grill for Sale is secured until 2025 with options to renew. The current rent is only $5,300 per month, inclusive of all CAM fees, for a spacious 6,000 square foot interior and large entertainment area. This rent is well below market value and represents just 6% of annual sales, an exceptional find in today's market.
Worried about upfront capital? We've got you covered! The Restaurant Brokers have extensive lending resources and can secure your approval in as little as two weeks—often even faster! We help you find your dream restaurant and provide the resources to make it happen. Let's fast-track your ownership of this Bar and Grill for Saletoday!
This is the ideal Bar and Grill for Sale, ready for you to take the reins! Submit your offers today and start your journey as the proud owner of this profitable and well-positioned business!
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DETAILED INFORMATION
Location
Tallahassee, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,000
Lease Expiration
31/01/2025
Employees
48
Facilities
Toastmaster Pro Series Gas Griddle 3 Gas Double Fryers Gas 4 Burner Stove with Char Grill Top Dukers 2 Door Freezer 6 Ft Sandwich Prep Cooler 4 Ft Sandwich Prep Cooler 2 Ft Sandwich Prep Cooler Microwave 2 Nemco Warmers 2 Three Compartment Sinks in Kitchen Area Hoshizaki Ice Machine with Large Bin 3 Hand Sinks 9 Stainless Steel Prep Tables 2 Upright Storage Racks 2 Storage Cabinets Atosa 1 Glass Door Cooler 2 Kitchen Printers 10 TVs 11 Booths with Tables 17 Dining Room Tables 96 Dining Room Chairs 3 Kids Highchairs 1 Kids Booster Seat 6 POS Terminals with Printers and Credit Card Readers POS Back Office System Camera System Audio System 40 ft Wooden Bar 6 Ft 4.5 barrel True Keg-orator 3 Underbar Ice Bins 24W X 21D 3 Bar Soda Guns with 12 Buttons Atosa Bar Back Undercounter Cooler with Glass Sliding Doors 1 Door Merchandising Cooler 50 Inch Continental Horizontal Bottle Cooler 8 Tap Cooler Mount Draft System Dukers 2 Door Merchandizer Cooler Four Compartment Sink Behind Bar Two Compartment Sink Behind Bar One Door Whirlpool Freezer Laundry Sink
Competition
None
Growth & Expansion
No competition within this underserved market provides numerous benefits for growth and expansion, including high demand, strong brand loyalty, and reduced operational costs.
Support & Training
Negotiable
Reason for Selling
Personal
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Michael
Holmes
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Michael Holmes