Poor Paul's Pourhouse

Business Overview:

Poor Paul's Pourhouse is a Legendary Tallahassee watering hole!
This locally famous bar/tavern is strategically located on "The Strip" in Tallahassee directly across from the Florida State University Campus. This prime location has been highly significant, contributing greatly to the bar's popularity. Not surprisingly, FSU students comprise a significant portion of its customer base.  However, there is loyal patronage from former students and a "beer drinking" population that frequently enjoys the "good vibes" at Poor Paul's. Patron's play pool and shoot darts in regular nightly competition while enjoying Poor Paul's famous discounted beer and mixed drinks promotions.  There is a strong brand image of this bar offering discounted prices which supports the name: Poor Paul's. Over the years the owner coined the area's best bar slogan which captures the light-hearted atmosphere every night: "Who's your buddy!"

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Property Features and Assets:

Poor Paul's is located on very valuable property (.39 acres) on the main East/West artery running through Tallahassee: West Tennessee Street. Recently appraised (5/9/2025) at $1,300,000, this area of town is in the heart of numerous newly constructed Student Housing Projects...everything is in walking distance to this popular tavern. Poor Paul's is located on the lower floor of the two-story building (3,670 sq. ft.) Total square footage for the entire building is 7,190 square feet with a Nail Salon and additional retail space currently vacant located on the top floor. A complete copy of the recent Property Appraisal will be provided to all qualified buyer prospects. 

Asset s= $2,232,000

Market Competition and Expansion:

Frankly, there is no tavern/bar quite like Poor Paul's in North Florida!  This popular drinking hole is located in the heart of The Strip across from FSU. Next door and almost as famous is a popular bar: Bullwinkle's. Fortunately for both establishments, they attract similar patrons and complement each other as customers frequently patronize both taverns on the same night! Of course, there are other locations within a half mile of FSU which attract coeds, frat boys and other college folks, but they are not on The Strip. As far as the "Industry" for this type of bar it boils down to location, reputation, branding, pricing and the good vibes enjoyed by college folks and locals looking for a good time. 

Remembering that Poor Paul's has been a popular night spot for over 49 years, a new owner is in the enviable position to capitalize on several factors: Location, Brand Image, local reputation/lore of Poor Paul's, the fact that over 35,000 college students are within a few blocks, and tens of thousands of locals have had a beer or two at Poor Paul's over the past 5 decades.  It truly is a Legendary watering hole. 
In reopening this bar, there is an opportunity to update and renovate the interior as the place is noticeably shop worn after all these years! 

Reason for Selling:

Owner, passed away in August 2024. Sale through his Trust.

Additional Details:

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