Patio Bar Restaurant Near the Gulf of Mexico For Sale Pinellas FL
Pinellas County, FL
| Asking Price: | $545,000 |
| FF&E: | $70,000 |
| Gross Revenue: | $1,600,000 |
| Established Year: | 2023 |
Listing ID: 2232365Listing provided by BizBuySell
BUSINESS DESCRIPTION
Florida Patio Bar Restaurant with Great Lease For Sale
This stand alone restaurant has a huge outdoor Patio with room for a band and plenty of seating. The locals and tourists love this place. Sales for March 2023 were $230k and had a profit of $52,000. Current owners are absentee and first year they had challenges with food cost control but new manager has simplified the menu and things are in order. Hands on owner will do great here. Lease is less than 4% of sales and has 15 years on it with the remaining options.
DETAILED INFORMATION
Location
Pinellas County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This has been a restaurant for over 11 years and current owners bought it a year and a half ago and want to sell to a hands on operator. Great lease 15 years at approximately 4% of sales.
Competition
no other large patio bar in the area. No damage from storms
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