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Legacy Beer & Wine Pub w/real estate

Sarasota, FL

Seller Financing Available

listing image
Asking Price:$749,000
Gross Revenue:$400,000
FF&E:$100,000
Established Year:2007
Cash Flow:$100,001
Inventory:$7,000
Real Estate:$379,000
Listing ID: 2093994Listing provided by BizBuySell
BUSINESS DESCRIPTION

Own your real estate - Control your destiny

Successful bar in the City of Sarasota. This business is cash only and has been for over 50 years. Continuously operating under the current name for 35 years and recognized as a Legacy business by the City with a proclamation. 4 owners since the 70's. Enjoyable to run. Endless opportunities to build more business. Are you ready to settle into a great investment?

2COP Beer & Wine - no liquor - no food. Easy to operate and minimum time required to be successful.

Be a part of the Greatest Shopping Center on Earth. Own your unit with low taxes and no association or fees. Parking will never be a problem for your customers. Enjoy free, shared parking for the shopping center. You're also at a major multi-modal intersection of Legacy Trail. No association or fees for the condominium. The other businesses compliment each other and the neighbors get along great.

The building and equipment are all up to date, maintained and ready for many more years of service.

We have a mission statement, operating principals, standard operating procedures manual and safety meeting materials.

Annual Revenues of 400,000+ year after year. Business earns <25%. Great rental agreement. Make your Money.

Seller is retiring from the business but will remain local. Support is available for the transition.

Business $370,000. Real Estate $379,000

NDA and proof of funds required. Deal directly with the owner. No broker required. A referral fee is available to a licensed broker with a buyer.

DETAILED INFORMATION
Location
Sarasota, FL
Inventory
Included in asking price
Real Estate
Owned
Building SF
900
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Possibly the smallest pub in the county. Quaint, comfortable, inviting and cannot be reproduced. Cypress paneled walls and wood floor inside the concrete block structure. Steel joist, concrete panel deck. White TPO insulated roof system. Low electric usage on the business. Special electrical updates allow you to power a small festival. Other details: 2 bathrooms. Storage closet/office. Partially covered patio. Tiki plans available. Draft beer walk-in cooler, bottle/can cooler, cooler/freezer and wine refrigerator/dispenser.
Competition
We own our market.
Growth & Expansion
Property next door available to triple your space and add liquor or food.
Financing
Can hold 20% as a mortgage
Support & Training
2 weeks intensive, 10 weeks available to answer questions. Seller will remain local to the neighborhood.
Reason for Selling
Retiring from the bar business to pursue other interests.
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