Established Tampa Neighborhood Bar Restaurant With Great Music For Sale

Business description

This well established Bar & Restaurant opened in 2004. The location and venue are excellent - strong local neighborhood feel, many professional businesses, clean, affluent area in Tampa. This bar is known for good food, great drinks and great music. There is a 2 COP (R) license. The bar not only draws a casual crowd but also business professionals. It has been voted "Best of..." in multiple categories over the years. The business is being offered to a qualified buyer at a price that includes approx. $30K of operating assets, including build-out. Must See!

Property information

Real Estate:

Lease

Lease terms:

Will be renegotiated prior to purchase

Leasehold rent:

$60,000 per annum

Location:

Operated out of a small well maintained strip center. It is in a centralized location to many neighborhoods and businesses.

Premises details:

The bar occupies 2,500 square feet (inside and patio) with plenty of convenient parking. Between the inside and outside, there is room for over 100 seats. FF&E current value is approximately $30,000 (per owner) however, to build out, and buy new, it would be a significant investment. Rent is currently ~$5,000 per month.

Size in square feet:

2,500

Other information

Competition / Market:

This bar has some unique characteristics that has made it get voted Best of... in multiple categories over the years.

Support & training:

The owner is willing to train the buyer for 14 days in the bar and be available for another 16 days via phone.

Reasons for selling:

New venture

Trading hours:

11am-3am

Financing available:

N/A

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$4,000 (included in the asking price)