For Sale
$349,999

000 In Earnings For OwnerAllentown, FL 32570

Established bar, high earnings, turnkey operation.

Overview

Added:
Dec 11, 2024
Days on market:
115
This thriving bar and grill, located in Milton, Florida (zip code 32570), presents a unique investment opportunity. Built in 2020, this 6,400 square foot establishment boasts impressive financials, generating over $1,341,941 in sales in 2023, resulting in owner earnings exceeding $109,842. The business includes a comprehensive inventory of equipment, including a chargrill, flat top grill, three fryers, two makeline coolers, walk-in freezer and cooler, conveyor oven, two ice machines, a stand-alone freezer, dish machine, sound system with projector and TVs, pool tables, bar coolers, digital signage, and a POS system. The spacious interior comfortably seats 215 patrons. A 4-COP beer, wine, and liquor license is included. The current lease, expiring June 19, 2027, has a five-year term and a monthly rent of $7,420. The seller is offering a week of owner training (P&L, QuickBooks) and a week of manager training, with continued support via text. The sale is motivated by personal reasons. The business benefits from a great location in a growing area, with a Walmart soon to open in the adjacent shopping center. This turnkey operation is SBA loan-eligible, making it an attractive proposition for qualified buyers. The seller's discretionary earnings, combined with the established clientele and prime location, make this a highly desirable investment.

Highlights

  • $349,999 asking price for a profitable bar and grill in Milton, FL.
  • Established bar and grill with over $1,341,941 in 2023 sales and $109,842 in Seller Discretionary Earnings.
  • Prime location in a rapidly growing area of the Florida Panhandle.
  • Turnkey operation with a fully equipped 6,400 sq ft space, including a 4-COP beer, wine, and liquor license.
  • 5-year lease with options to renew, expiring June 19, 2027, at a monthly rent of $7,420.

Property Details for 000 In Earnings For Owner

Property type
Retail properties, Restaurants
Square Feet
6,400 SF
Year Built
2020

Location Insight

City
Allentown
County
Autauga
State
Florida
Latitude
30.8158292
Longitude
-87.0224442
000 In Earnings For Owner, Allentown, Florida

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000 In Earnings For Owner
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