Restaurant - Bar Downtown Clearwater

Undisclosed Address, Clearwater, FL 33755
Business Opportunity for Sale
Catylist Listing ID: 30443002
Property Subtypes: Food and Beverage
Building Size (RSF): 4,856 SF
Sale Price: $499,900 - 999,900
Name of Establishment: Restaurant - Bar Downtown Clearwater
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Sale of the established and fully equipped Business only with a long-term lease of the property at $ 499.900 pluse Lease - or Sale of the Business including the property at $ 999.900
Last Updated: 6/13/2019

Overview / Comments

Top ready built-up full service 155 Seating Restaurant - Bar - Night entertainment facility with 4856 SF on a lot of 21.061 SF. Planed extensions for additional 60 seats. The location had been costly and with high end materials renovated. 49 parking spaces on own property. The roof was replaced and built out with energy efficient materials including LED lightning. The location is only a stone throw away from central Downtown Clearwater. Great opportunity for Restaurant, Lounge bar, cabaret, night club and more.
Owner financing available.
Contact Thom Voegtli - Viewpoint Realty International for NDA.
Mobile (727) 517-5184 - Office: (727) 584-7355

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner would like to focus on his other businesses.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $999,900
Real Estate Lease Description: The purchase of the complete, fully equipped Business (without Real Estate) $ 499.900. First three years lease 4856 SF at $ 12/SF, Year 4 plus $ 1/SF, Year 5 plus $1/SF. Lease renewal market price - but not below last lease price.
Competition/Market Description: The neighboring Salon has different clientele and is not competing.
Growth/Expansion Opportunities: Additional 60 seats are planned, External patio for outdoor seating in planning.
Seller Financing Description: 30 % down (Business only - or Business with Real Estate) - Loan for maximum 5 years.

Contact

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.