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

Restaurants

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

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