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Profitable Restaurant In Great Location In Pensacola For Sale

Pensacola, Florida, US
Asking Price:
$295,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,485,000
Cash Flow:
$173,000

This restaurant and bar has a full liquor license and has been in continuous operation for over 25 years. Compared to nearby establishments situated in the area's premier shopping and dining district the business benefits from a long-term lease with low rent. They have consistent sales with consistent cash flow. There is a trained staff with FOH & BOH management in-place. The spacious facility includes two dining rooms and a bar with table top seating, accommodating a total of 172 guests. The covered outdoor seating area with gazebo provides additional seating for 36 patrons. The seller has excellent financial records.

This is an exceptional opportunity to acquire a casual upscale successful restaurant known for its prime location, strong reputation, repeat clientele and consistent performance. It offers immediate cash flow, has a motivated seller and is priced attractively at $345,000.

Property Information

Real Estate:

Lease

Location:

The restaurant is located in a desirable demographic area in a premier shopping and dining district with high traffic. It is in a strip center that offers ample parking.

Premises Details:

The restaurant occupies approx. 3,175 sq. ft. consisting of a fully equipped kitchen, two dining areas and a covered patio with gazebo. Seating inside accommodates 172 guests and outside has space for 36 patrons

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Currently operating for lunch, dinner & Sunday brunch, the business has untapped potential. The separate event space is underutilized, and a new owner could easily introduce catering services as well as offering breakfast.

Competition / Market:

Due to its prime location there is competition; however, its established presence provides a significant advantage.

Reasons for selling:

Owner is selling due to health-related issues.

Employees:
10 F/T; 19 P/T
Years established:
26 years

Other Information

Support & training:

Seller will provide sufficient training to ensure a smooth transition at no charge.

Financing available:

This business will qualify for funding by a national SBA lender

Furniture / Fixtures value:
$65,400 - included in the asking price
Inventory / Stock value:
$25,750 - included in the asking price