Local Waterfront Bar with CRE and 4COP QUOTA Licen

Not Disclosed, FL
Clay County


Asking Price: Annual Revenue:
$500,000 $232,709

Food & Beverage: Liquor Stores


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RE: Local Waterfront Bar with CRE and 4COP QUOTA Licen Broker: DANIEL TOMLIN
Owner Financing is Available!
Loan/Seller - Amount: $50,000 Months: 60 Rate: 8.00% Monthly Payment: $1,013.82

Quick Facts

Asking Price: $500,000
Annual Revenue: $232,709
Net Profit: Not Disclosed
Cash Flow: $31,718
Total Debt: Not Disclosed
FF&E: $18,400
Real Estate: Not Disclosed
Year Established: 2017
Employees: 5
BBN Listing #: 340018747
Broker Reference #: 7101502287

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Business Overview:

This listing is for a Lake Front Bar Business and 4COP-QUOTA License. The bar does have a drive-up window, and this license does allow "over-the-counter" liquor sales so you could very easily add package liquor sales to the business. This is a cash-heavy business with very few credit card sales. In addition to the bar income, the land has a 2-bedroom house where the current owners live and a 1-bedroom efficiency home, plus a new large steel building the husband uses to restore cars. There is a Tiki bar out back and a converted semi trailer used for the bands who play outdoor music. This is also a popular biker rally destination (not a biker bar) as well as a local pub. The closest other bars in this county are about 20 miles away. This business is run by an absentee owner. The owner only visits the bar for about an hour per day clearing the register and doing payroll or socializing. The bar is on a lake with an amazing sunset view. There is a new highway about to open nearby so this place is about to go crazy and new homes sites are already in the works. There are three lakefront parcels that are being offered for sale or can lease the whole lot for $4,000. The property is 1.6 acres and is available for an additional $400,000 (will not be sold without the business). The bar building is approximately 2,800 square feet and the bar owner will be given rights to sublet – meaning the rent collected from the other 2 houses would pay most of the rent on the bar. It’s really all your choice how you want to use the property. 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 Daniel Tomlin. Please refer to listing #7101502287.

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Property Features and Assets:

Lease/Month: $4,000; Square Footage: 6,008; Building Type: Free Standing; Terms & Options: 10 year Negotiable or Sell; Expiration Date: 10/12/2033.

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 2

Reason for Selling:

Moving

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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