Status: Active
Live Music Venue and Scratch Kitchen Bar & Grill - Listing #: 56676
Category | : | Restaurants | SIC | : | 5812 | |
Detail | : | Brew/Pub | Price | : | 600,000 | |
County | : | Manatee | Down | : | 400,000 | |
State/Prov | : | Florida | Disc Earn | : | 205,747 | |
Country | : | USA | Sales | : | 762,025 |
***Seller Financing*** A renowned live music venue with a top-rated bar and grill is available for sale on the Gulf Coast of Florida for the asking price of $600,000. This exciting eatery features a scratch kitchen serving fresh, not frozen or pre-made, food. The certified chef creates a culinary experience rivaling top tier restaurants. Plus, the venue features live music nights with a variety of talent from all over the country, plus Karaoke nights and more using state-of-the-art sound and light system. The business generates $205,747 SDE on $762,025 annualized 2024 revenues based on prior seven months. The existing FFE is detailed in the report below with a conservative value of $355,487. The bar, floor, kitchen, stage, sound-system, game room, etc. are all new and in amazing shape. The sellers are ready to start semi-retirement by slowing down and focusing on their other businesses, thus opening the opportunity for the new owner. The sellers believe in the business, know how to grow it, and will stay on to train the new owner as needed short term. The sellers will also offer significant seller financing for the right buyer, further displaying their confidence in the business. The lease is negotiable, and the real estate is available separately from the business for $1.7M. The sellers own a construction business and repairs or additions to the property can be negotiated, or partnered on. Currently the business serves Sarasota and the surrounding communities of Bradenton, Lakewood Ranch, Parrish, North Port, etc., a prime market for business as one of the fastest growing areas of gulf coast Florida. Don’t wait, make your dream of owning a live music bar & grill come true today. |
Documents on File | : | Equipment List: Y Lease: N Corp Resolution: N |
: | Cash Flow: N Balance Sheet: N |
: | Standard Agreement: Y Signature on File: Y |
Reason for Sale | : | Semi-retirement and other business interests |
General Location | : | Sarasota, FL |
Organization Type | : | 'LLC' Hours Owner Works: 40 |
: | Years Established : 1 Years Owned: 1 Emp FT: 10 Emp PT: 0 Mgrs: 1 | |
Non Compete | : | Miles: 10 Years: 3 Weeks Training: 2 Cost: $0 |
Operating dys/hrs | : | 8:00AM-2:00AM |
Skills/Licenses | : | Food Service License(s), Liquor license(s) |
Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: N May Qualify For Visa: Y |
Data Source | Owner to Prove | |||
Year (Cash Flow) | 2024 (N) | (N) | (N) | |
Gross Revenue | 762,025 | 0 | 0 | |
Cost of Goods | 225,757 | 0 | 0 | |
Gross Profit | 536,268 | 0 | 0 | |
Expenses | 330,521 | 0 | 0 | |
Net | 205,747 | 0 | 0 | |
Owner Salary | 0 | 0 | 0 | |
Benefits | 0 | 0 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation | 0 | 0 | 0 | |
Other | 0 | 0 | 0 | |
Discretionary Earnings | 205,747 | 0 | 0 |
Accounts Rec | 0 | N* | Real Estate | 1,700,000 | N* |
Inventory | 10,000 | Y* | ___________ | 0 | N* |
F F & E | 0 | Y* | Total Assets | 365,487 | Y* |
Leasehold | 355,487 | Y* | *Included? |
Lease/Month: 8,000 | Square Footage: 4,000 | Building Type: Stand alone |
Terms & Options: New long term lease avail | Expiration Date: 4/9/2030 |
Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
Loan/Seller | - Amt: | 200,000 Mos: | 60 Rate: | 7.00 Mo Pmt: | 3,960.24 | |
Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
NAPLES, FLORIDA 34105 | : | rvandiver@sunbeltnetwork.com | ||
USA | Home Page | : | sunbeltofflorida.com |
The seller provides all data and financial information on this business for informational purposes only. The broker does not warrant the above information and advises the buyer to seek professional advice when purchasing a business. This offering by the seller is subject to change or withdrawal without notice. This information sheet has been prepared on a confidential basis exclusively for: |
___________________________________________________ |