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.

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.

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.

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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


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