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Property profile

Florida Bar and Grill for Sale with Liquor License St Pete Bch St. Pete Beach, FL 33706

OFF-MARKET
Retail properties & Spaces
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2,105 SF Built 2019

Property summary

AI-generated overview

This thriving St. Pete Beach bar and grill presents a unique investment opportunity. Boasting a prime location within walking distance of the beach, this well-established business benefits from a loyal customer base of both locals and tourists. The 2,105 square foot space, built in 2019, includes an additional 800 square feet of outdoor deck seating, perfect for enjoying Florida's sunshine. The spacious interior comfortably seats 85, complemented by 56 outdoor seats. A state-of-the-art audio-visual system, featuring twelve 65-inch flat-screen TVs, ensures optimal viewing from every seat. The fully equipped commercial kitchen includes a large hood system, walk-in cooler, and walk-in freezer, facilitating efficient operations and a diverse menu. The central U-shaped bar is well-appointed with a four-keg draft cooler, reach-in refrigerated beer coolers, speed rails, and ample space for multiple bartenders. A 10-year lease, expiring January 30, 2029, with a 5-year option, is in place. Monthly rent is $6,487, inclusive of common area maintenance. The business includes a 4COP liquor license and significant equipment, including a Clover POS system, a comprehensive kitchen setup, and outdoor heaters. The asking price is $245,000. This turnkey operation is ready for a new owner to step in and capitalize on its established success. The business operates Sunday through Thursday from 11 am to 9 pm and Friday and Saturday from 11 am to 11 pm. The business employs nine full-time and two part-time employees. Net sales are $500,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2019
Total area 2,105 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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