Catylist ID:
#30841166
Award-Winning Tasting Room
Business Opportunity
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30841166 |
| Property Subtypes: | Food and Beverage |
| Status: | Pending/Contingent |
| Building Size (RSF): | 1,364 SF |
| Sale Price: | $275,000 |
| Name of Establishment: | CONFIDENTIAL |
| Year Business Established: | 2016 |
| Gross Revenue: | $552,000 (Annual) |
| Cash Flow: | $104,000 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Sale Terms: | Cash to Seller |
| Last Updated: | 5/31/2023 |
Overview / Comments
|
Start making money on day one! Lakewood Ranch ranks No. 1 for the fifth straight year. https://lakewoodranch.com/lakewood-ranch-ranks-no-1-in-the-nation-for-fifth-consecutive-year/ This award-winning and popular establishment has experienced strong financials, consistent revenues and growth for the past 7 years, and has become a favorite of Lakewood Ranch locals and visitors alike. Featuring dozens of beers on tap, they also serve a delicious selection of hand made pizzas and flat breads, artisanal sandwiches, shareable plates, bar snacks and offer weekly chef specials and live music. Outstanding reviews on Google, TripAdvisor and Yelp. Ideal location and concept for on-site owner/operator to increase cash flow. The location is integral to all LWR entertainment amenities and is completely turn-key. Non-Disclosure required before any showings or release of financial data. |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Manatee |
| Industry Segment: | Bars and Taverns |
| Reason for Selling: | Health issues prohibit the seller from continuing operations. |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $0 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | Initial 5 yr lease term expired in 09/30/2020. Tenant has two - 5 year renewals expiring 09/30/2030. Landlord indicated possiblity of adding additional renewal terms. Current rent including CAM is $3,611 per month |
| Part of Planned Development?: | Yes |
| Employee/Labor Description: | Less than 5 employees including management. Excellent opportunity for owner/operator to provide on-site management and increase bottom line. |
| Mgmt/Training Support Description: | Seller will provide as needed up to 14 days |
| Competition/Market Description: | This is the only business of it's kind permitted in the immediate entertainment district. High visitor pedestrian traffic-counts. Community events and activities held within the district provide for a steady flow of loyal and repeat customers. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,852 | 24,320 | 81,865 |
| Median Age: | 50.11 | 52.89 | 49.49 |
| Households: | 4,683 | 10,877 | 36,276 |
Contact
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