Cheers! Popular Bar/Restaurant in St. Augustine

Not Disclosed, FL
St. Johns County

Asking Price: Annual Revenue:
$250,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots

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RE: Cheers! Popular Bar/Restaurant in St. Augustine Broker: Bianca Evans

Quick Facts

Asking Price: $250,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $65,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 10
BBN Listing #: 54218747
Broker Reference #: 7101105640

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Business Overview:

Opportunity to purchase a turnkey Bar/Restaurant in a high and dry area in St. Augustine on busy thoroughfare. Steady stream of locals are expected to bring in revenues of over $600,000 this year. Live music on the weekends and special events during the week make this bar a destination. Major renovations occurred at this well-known bar when purchased in 2021. Seller has other businesses and can't focus on them all. Plenty of opportunity to grow with advertising as well as expanding this space as a special event venue and catering. Currently opens at 4pm on weekdays, so hours could easily be expanded. 4COP SRX license in place, 150 seats. Opportunity for a 10-year lease, if desired. Strong staff in place. This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower middle market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent Bianca Evans. Please refer to listing #7101105640. Please use reply to this ad button to contact us.

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Property Features and Assets:

Lease/Month: $4,000; Square Footage: 3,500; Building Type: Free Standing; Terms & Options: One 5 year; Expiration Date: 12/31/2027.

Market Competition and Expansion:

Non Compete : Miles: 10 Years: 3

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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