PANAMA CITY BEACH, Florida
| Asking Price |
$7,160,600 |
Year Established |
2013 |
|
| Annual Revenue |
$2,920,479 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Jim Broscious |
|
| Annual Cash Flow |
$460,374 |
Listing Number |
996619 |
|
| # of Employees |
28 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This independent, high-volume Florida Restaurant for Sale with Real Estate is delivering serious sales and profits! With annual sales of $3,193,054 and owner earnings of $448,900, this is an ideal opportunity for either an owner-operator or absentee investor seeking steady returns. The property value is estimated at $5,365,000.
Situated in a sought-after beach destination along Florida's Emerald Coast, this Restaurant for Sale caters to both loyal locals and a steady stream of tourists. Guests can enjoy a variety of seating options including bar seating, regular tables, and 14 Hibachi tables for an interactive dining experience. The spacious dining room accommodates 250 guests, making it perfect for peak tourist seasons, lunch crowds, and dinner service.
The restaurant, offered by We Sell Restaurants, has been thriving for 12 years, building a loyal following in an area known for its vibrant music, festivals, and food culture. Operations are run seamlessly by a dedicated staff of 22 employees, allowing the current owner to remain absentee. You can choose to remain hands-off or step in for more direct involvement.
The fully equipped kitchen and dining area have been maintained to the highest standards—this is truly a turnkey opportunity. The current owner spares no cost to keep this restaurant looking new.
This 10,500 sq. ft. location has a monthly lease rate of $36.00/sq ft or $37,800 per month. This will provide the new owner with a 7% Cap rate on thier investment into the property and building. The last appraisal completed was in 2019 by Cureton Johnson & Associates, LLC, which valued the property and buidling at $4,900,000.
Bring your offers for this established, highly profitable Florida restaurant/Property and step into a business set for continued success from day one.
By providing your phone number to We Sell Restaurants, you agree to receive text notifications.
Property Features and Assets:
Available upon request
Market Competition and Expansion:
Pros
-Prime Location with High Foot Traffic
-Strong Economic Performance
-Major Expansion Plans Fuel Growth
-Strong Branding and attractive ambiance
--Convenience and visitor Appeal
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity