000 Annual EarningsTallahassee, FL 32311

Property Details for 000 Annual Earnings

Year built

2018

Property size (Sq ft)

6,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This thriving Tallahassee bar and grill, established in 2018, is offered for sale at $699,000. Boasting 6,000 square feet of space, it consistently generates over $234,000 in annual profits from approximately $1.3 million in annual sales. The lease, currently at $5,300 per month (inclusive of CAM fees), extends until January 31, 2025, with options to renew. This represents a low rent, well below market value, and only 6% of annual sales. The property includes a fully equipped kitchen with high-end appliances (including a Toastmaster Pro Series Gas Griddle, multiple fryers, a gas stove, various coolers and freezers, ice machine, prep tables, sinks, and POS systems) and a substantial bar area with ample seating for approximately 100 patrons. The current owner, selling for personal reasons, is willing to provide training post-sale (terms negotiable). The business benefits from a loyal customer base and a prime location, making it an exceptional opportunity for a new owner. The business currently employs 48 people. The sale includes extensive equipment, as listed in the detailed inventory. Projected sales for 2024 are $2 million. This turnkey operation is ready for immediate ownership.

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.3749

Longitude

-84.1646

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].