0 2 Neighborhood Bar & Grill For Sale In The PanhandleAllentown, FL 32570
- Retail properties
- 5,800 SF
Property Details for 0 2 Neighborhood Bar & Grill For Sale In The Panhandle
- Year built
- 2019
- Property size (Sq ft)
- 5,800 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional offering presents two thriving neighborhood bar and grills located in the rapidly growing Santa Rosa County, Florida (zip code 32570). Both establishments boast impressive 2023 sales exceeding $1,938,280, generating substantial seller discretionary earnings of over $332,277. Built in 2019 and 2022 respectively, these fully operational businesses occupy a combined 5,800 square feet of space, with individual footprints of 2,000 and 3,800 square feet. Each location features extensive bar and kitchen equipment, including multiple refrigerators, freezers, grills, fryers, and ample seating for patrons. The well-established menus and prime locations contribute to consistent sales and strong brand loyalty. Both locations benefit from highly visible positions in growing areas, complemented by excellent 4.8-star Google ratings and a loyal customer base. The current leases, extending until August 31, 2029, offer favorable terms with monthly rent significantly below market value at $2,400 and $2,700 respectively (inclusive of CAM fees). Each location holds four COP SFS liquor licenses. The sale includes the option for owner training, with one owner potentially remaining post-sale to ensure a smooth transition. This presents a rare opportunity to acquire two established, profitable businesses in a booming market, ideally suited for an owner-operator or investor. The businesses are also qualified for SBA lending. Nine employees are currently on staff.
Location Insight
- City
- Allentown
- County
- Santa Rosa
- State
- Florida
- Latitude
- 30.8158
- Longitude
- -87.0224
Comparable in this City
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