For Sale
$95,000

12 1St StGainesville, FL 32601

Established Fine Dining, Turn-Key Operation

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional opportunity to acquire a thriving, established fine dining restaurant in the heart of downtown Gainesville, Florida. This turn-key operation boasts a 70+ seat capacity and has enjoyed consistent success for over 20 years. The sale includes all inventory, furniture, fixtures, equipment, and active beer and wine licenses. Financial records show strong performance, averaging $500,000 in annual sales since the pandemic, with $479,000 in sales reported for 2023 and $557,000 in 2022. The restaurant occupies approximately 2,000-3,000 square feet in a multi-tenant retail building at 12 SE 1st St, Gainesville, FL 32601. The current lease is a modified multi-tenant agreement with a remaining term of approximately 2.3 years (Lease Commencement: 09/30/2020

Highlights

  • $479,000 in 2023 Sales.
  • $557,000 in 2022 Sales.
  • Active Beer & Wine License included.
  • Average monthly rent: $3,000 - $4,000.
  • Turnkey operation with inventory and staff.
  • Downtown Gainesville location.

Property Details for 12 1St St

Property type
Retail properties, Restaurants
Square Feet
2,000 SF

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.65003132
Longitude
-82.32397439
12 1St St, Gainesville, Florida

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12 1St St
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