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St Petersburg Restaurant, Bar, Beach, Corner

Saint Petersburg, FL
One of Two Rooms

Seller Financing Available

One of Two Rooms
Asking Price:$450,000
Inventory:$50,000
FF&E:$150,000
Gross Revenue:$900,000
Rent:$5,800/Month
Listing ID: 2295327Listing provided by BizBuySell
BUSINESS DESCRIPTION

OWNER FINANCING "also" BREAKFAST/LUNCH Opportunity

161 seat restaurant and inside and outside bar. Located 1/2 block from one of the most popular beaches in St Pete Beach. Located on a corner lot of Gulf Blvd. Enormous traffic flow and great visibility.
Includes low lease terms for next 7.5 years, 3am Liquor License, all Equipment and inventory.
I WOULD ALSO PARTNER WITH BREAKFAST AND LUNCH OPERATOR TO LEASE

Older owner is leaving country and is open to fair terms.

DETAILED INFORMATION
Location
Saint Petersburg, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,400
Lease Expiration
01/01/2036
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Seller remodeled a real estate office into a beautiful it'll restaurant with a 4 COP, full liquor, 3 am license. Over 350,000 invested in remodeling. All assets and inventory are included. Extra lot for expansion is included Expand for a Tiki bar No Real Estate taxes in the lease No yearly increases Lease to be super low comparable to surrounding area Music venue
Competition
The tourists and locals were hit during the last storm but, they are coming back and expansion is on it;s way. COME IN BEFORE THE RENTS GO THROUGH THE ROOF Corner location
Growth & Expansion
There is an extra lot next to the facility for expansion which is essentially free and included in the lease. The whole area is expanding as a result of previous storm and rents will be going upwards Hotels are expanding by hundreds of millions of dollars For a visonary, NOW IS THE TIME
Financing
200,000 down and the rest over 5 years
Support & Training
If I don't find a right buyer, I am also looking for a Breakfast and Lunch operator to run his/hers business. My wifes health does not permit me to run early morning Breakfast/Lunch and this opportunity would be great for someone who wants to open .
Reason for Selling
Lessening of responsibility and leaving the country
BUSINESS LOCATION
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