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Listed by:

Bateson Business Brokerage

Long Term Bar In Seminole County For Sale

Seminole County, Florida, US
Freehold Price:
$1,300,000 Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$757,200
Cash Flow:
$135,000

Operating for 46 years, this free-standing bar has been a popular destination for area patrons. Offering reasonably priced cocktails and live weekend entertainment, the bar's outside patio and extensive Tiki bar creates a great FL venue as compared to in-line area establishments subjected to lease rate risks.

This offering includes the 4COP license that commands a premium value. Great highway frontage offering daily traffic counts well over 50,000 vehicles attracted by well-lit signage. The building is available for lease at an attractive monthly rate of $4,500 or outright purchased at $800,000. Strong growth continues in the area with over 1,200 apartment units recently constructed less than a 3/4 mile from the business with additional density housing underway in the surrounding area that will only add more viable patrons to the establishment.

The Seller will consider some reasonable level of Seller financing. Long term management is in place allowing the owner to review activities during the day. This is a great opportunity to full fill a buyer's dream and participate in Central Florida's ongoing growth and full fill a passion for participating in the entertainment segment.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

Negotiable with purchase option of RE.

Leasehold Rent:

$54,000 per annum

Location:

Located along major north-south Hwy in Seminole County, FL. Direct frontage along Hwy yielding over 53,000 daily traffic counts. Over 1,200 rental units have been developed recently within 3/4 mile of subject Bar with additional high-density development in general area.

Premises Details:

Facility consists of a 2,800 SF free-standing building located on 1/2 acre of highway frontage. In addition to the inside bar and recently installed pool tables, patio offers an outside venue that houses a popular Tiki Hut bar and entertainment stage. An axillary small building out back accommodates a cooler and small kitchen could be expanded by the installation of a self-contained unit that would allow an expansion of their limited food menu. Assets include inventory, cameras and equipment along with the 4COP license valued at near $300K+.

Size in square feet:
2,800

Business Operation

Expansion Potential:

Area growth continues that should add additional patrons to the bar. Given 4COP license, an owner could consider offering packaged deliveries. The current bar menu is very limited which could be an additional revenue opportunity to a new owner.

Competition / Market:

There are a couple of bars in the area, however, none offer an outside entertainment area to appreciate the FL weather and fresh air. Owner has indicated that the local municipality will not permit additional comparable establishments to be developed.

Reasons for selling:

Retirement

Trading hours:

Monday: 4pm to 2am.
Tuesday- Sunday:12pm to 2am.

Employees:
10
Years established:
46

Other Information

Support & training:

Up to 2-3 weeks at $0 cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable

Furniture / Fixtures value:
$89,000 - included in the asking price
Inventory / Stock value:
$13,000 - included in the asking price
Lease asking price:
$500,000 - Furniture / Fixtures and Inventory / Stock included