Central Florida Bar & Patio Lounge

Not Disclosed, FL Seminole County

Seminole County

Asking Price: $500,000

Annual Revenue: $755,500

Food & Beverage: Bars, Clubs, Nightspots

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RE: Central Florida Bar & Patio Lounge
Contact: Bradley Carpenter

Owner Financing is Available!

Negotiable

Quick Facts

	Asking Price:	$500,000
	Annual Revenue:	$755,500
	Net Profit:	Not Disclosed
	Cash Flow:	$129,500
	Total Debt:	Not Disclosed
	FF&E:	$89,000
	Real Estate:	Not Disclosed
	Year Established:	1978
	Employees:	12
	BBN Listing #:	935760
	Broker Reference #:	409-02298

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Business Overview:

This is an established "Cheers Style" bar/lounge that has a full calendar of entertainment including live bands. Bar is located in a stand along building with Hwy. frontage offering traffic counts exceeding 53,000 daily vehicles. Unlike other offerings, you control your rent as the building is available for purchase or lease that could include longer term purchase option.

Has also ample outside seating and weekend entertainment around one of the largest Tiki bars in the area. Over 1,200 rental units recently developed within 3/4 mile of establishment. Oct22 to Oct23 monthly sales up over 30%. Billiards tables also recently added that is generating further patron following. Includes 4COP license valued at $290,000. RE is also available for purchase at $800,000 or monthly lease of $4,500 plus property taxes.

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Property Features and Assets:

Includes 2,800 Square Feet building that has a 2nd floor (468 Square Feet) currently used for storage and office that could be converted to owner unit as it includes a full bathroom. Property is approximately 1/2 acre with parking agreement in place with adjoining business owner that accommodates overflow parking for special events. Has large outside entertainment area including popular Tiki Bar. Bar is turn-key that includes small kitchen for bar food/snacks that could be upgraded for additional revenue driver. COP4 license is included and RE can be purchased. Has lighted pole sign out front.

Market Competition and Expansion:

Competition is capped as City has license moratorium. Subject offers one of the largest outside entertainment area among competitors that is a popular FL feature.

Could add package store that has been requested often by patrons. Area growth will continue to add further patrons. Owner is in retirement mode so new engaged owner could further energize activities.

Reason for Selling:

Retirement

Additional Details:

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

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