For Sale
$659,000

Sarasota Ave Sarasota, FL 34239

High-end, profitable Sarasota eatery for sale.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional, 5-star Sarasota restaurant presents a unique investment opportunity. Boasting an outstanding reputation among locals and tourists, this established business enjoys a prime downtown location with high foot traffic. Currently operating five days a week for dinner service (5 PM - 9 PM), the restaurant offers significant potential for revenue growth by expanding to lunch service. The menu features handcrafted, made-to-order dishes, prepared in a state-of-the-art, custom-designed kitchen equipped with top-of-the-line appliances. An extensive wine inventory is included in the sale. The current lease is exceptionally favorable, offering a 5-year option at a below-market rent. The space is equipped with two new AC units, ensuring optimal comfort for patrons. This high-end European-style restaurant caters to a clientele with high disposable income and enjoys a unique position in the market with no direct competition. Financial records show net profits exceeding $400,000. All buyers must sign a non-disclosure agreement (NDA) before receiving further information, including location specifics, detailed financials, and the business name. Priority will be given to buyers who submit a completed buyer profile and financial statement.

Highlights

  • Custom-designed, high-end kitchen with top-of-the-line appliances.
  • Below-market lease with a 5-year option.
  • Two new AC units.
  • Prime location in high-income area with no direct competition.
  • Significant revenue potential by adding lunch service.

Property Details for 0 Sarasota Ave

Property type
Commercial real estate

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.3086034
Longitude
-82.5239953

FAQs

What type of property is this?
Commercial real estate - High-end, profitable Sarasota eatery for sale.
Where is the commercial real estate located?
The property is located at Sarasota Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Custom-designed, high-end kitchen with top-of-the-line appliances.; Below-market lease with a 5-year option.; Two new AC units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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0 Sarasota Ave
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