Bar & Grill for Sale Generating over $100,000 in Earnings for Owner

Milton, FL
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Asking Price:$349,999
Gross Revenue:$1,341,943
Established Year:2020
Cash Flow:$109,843
Rent:$7,420/Month
BUSINESS DESCRIPTION

Neighborhood Bar & Grill for Sale - 2023 sales of $1,341,941 which generates Sellers Discrenary Earnings of $109,842 This Neighborhood Bar and Grill for Sale in the Panhandle is primed for a new owner, and that owner could be YOU! Bring your offers to this established business, which consistently delivers over $109,842 in annual Seller Discrenary Earnings from $1,341,941 in sales.
Don't miss out on this rare opportunity. Not only is this Neighborhood 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 booming, and businesses in the Panhandle of Florida are thriving.
When you purchase this Neighborhood Bar and Grill for Sale from We Sell Restaurants, you gain a fully established and profitable business. 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 2008 first as General Manager until 2016 when he purchased the business 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 June 20th 2027 with options to renew. The current rent is only $7,420 per month, inclusive of all CAM fees, for a spacious 6,400 square foot interior and large entertainment area. This rent is well below market value and represents just 6.7% 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 Neighborhood Bar and Grill for Sale today!
This is the ideal Neighborhood 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
Milton, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,400
Lease Expiration
20/06/2027
Employees
28
Facilities
Equipment List as of 7/15/24 -one chargrill -one flat top grill -3 fryers -2 makeline coolers -1 walk-in freezer -1 walk-in cooler -1 conveyor Oven -two Ice machine -stand alone freezer -one dish machine -sound equipment, speaker system, projector -various Tv's -various table and chairs -POS system and printers -game room equipment to include pool tables -bar coolers -various digital signs -back office computer -satellite systems -various bar chairs & stools
Competition
Ecellent location, walmart coming into shopping center
Growth & Expansion
traffic, immense potential, location, history in the community
Support & Training
will do a week of owner training(P&L, Quickbooks) and week of manager training. will be able to answer question though text afterwards.
Reason for Selling
Personal
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Jim
Broscious
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Jim Broscious