For Sale
$1,625,000

555 Scenic HwyPensacola, FL 32503

2,868 SF Stand Alone Scenic Hwy Restaurant For Sale

Source: https://www.saltercompany.com

Overview

Added:
Feb 10
Days on market:
53
Stand Alone Scenic Hwy Restaurant
This is an incredible chance to take ownership of the thriving Agapi Bistro and Garden. The current owner desires to retire after a storied 60 year career in the restaurant sector. Agapi Bistro and Garden demonstrates consistent stable sales and an increasing cash flow.

Agapi Bistro encompasses a total of 2,865 square feet, thoughtfully designed to include dining areas, event spaces, a full bar (liquor license for on-site consumption), and a commercial kitchen complete with preparation zones and cooking stations. The property has undergone a complete renovation, featuring significant upgrades throughout.

Notable enhancements include the installation of a new roof in 2020, the addition of a 7.5-ton HVAC system in 2024, and the incorporation of both indoor and outdoor fans. Additionally, the parking lot has recently been seal-coated and re-striped. The building also boasts a convenient drive-thru window.

Additionally, there is a significant value add opportunity. Currently, Agapi does not offer a lunch service and is closed on Sunday and Monday, by extending hours there is the opportunity to significantly enhance revenue.

The rear outdoor area is fully covered and features an exquisitely designed green space, creating a warm and inviting atmosphere, perfect for gatherings. This area is frequently utilized for private events, special occasions, wine tastings, and themed dinners, providing numerous additional tables to accommodate guests. The venue is equipped with outdoor cooking facilities, a wet counter, a champagne wall, a designated photo area, and a dance floor, all tailored for professionally catered special events.

Agapi boasts a vibrant wine club featuring more than 100 paid members. Currently, membership is capped, and there is a waiting list for those eager to join.

Agapi Bistro, a full-service restaurant is strategically located on busy Scenic Highway, ensuring excellent visibility for passersby’s complemented by ample parking and convenient access from two streets at its prime corner location of Scenic Highway and DeSoto Street.

Full Service Restaurant Business

Owner Financing Potential for Qualified Buyer

Value Add Opportunity -Adding Hours

Liquor License

2024 Total Sale $1,372,000

FF&E Included

Chef will train throrugh transition if desired

Property Details for 555 Scenic Hwy

Property type
Retail properties
Square Feet
2,868 SF
Price / Square Foot
$566.60
Year Built
1966
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
2,868 SF
Lot Size (sq. ft)
16,852 SF
Units
40

Location Insight

City
Pensacola
County
Escambia
State
Florida

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555 Scenic Hwy
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