Property ID : SPL25.335
For Sale $225,000.00 - Bar/Lounge, Restaurant
• A Popular Restaurant and bar located on the Canal in Monroe County
• Large outdoor patio with a scenic view of the town and canal
• Outdoor seating up to a 100 that can be enclosed for party’s and banquets
• Indoor seating for up to 80 that includes seating for 24 around an art deco bar
• Large kitchen ideal for catering and high volume for guests within the restaurant
• Plenty of well-lit off-street parking available
• Great lease structure
• Established four and one-half years ago.
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
• Current FFE at a fair market value of $75,000.
• Inventory at a cost of $20,000.
Current lease is $2700 a month gross and extensions can be negotiated
SALES AND SELLERS DISCRETIONARY EARNINGS:
Sales: $778,771 $ 671,214
Asking price is $225,000.