Sarasota Ave Sarasota, FL 34239

Property Details for 0 Sarasota Ave

Property type

Commercial real estate

Description

This exceptional, 5-star Sarasota restaurant presents a unique investment opportunity. Boasting an outstanding reputation among locals and tourists, this established business enjoys a prime downtown location with high foot traffic. Currently operating five days a week for dinner service (5 PM - 9 PM), the restaurant offers significant potential for revenue growth by expanding to lunch service. The menu features handcrafted, made-to-order dishes, prepared in a state-of-the-art, custom-designed kitchen equipped with top-of-the-line appliances. An extensive wine inventory is included in the sale. The current lease is exceptionally favorable, offering a 5-year option at a below-market rent. The space is equipped with two new AC units, ensuring optimal comfort for patrons. This high-end European-style restaurant caters to a clientele with high disposable income and enjoys a unique position in the market with no direct competition. Financial records show net profits exceeding $400,000. All buyers must sign a non-disclosure agreement (NDA) before receiving further information, including location specifics, detailed financials, and the business name. Priority will be given to buyers who submit a completed buyer profile and financial statement.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Longitude

-82.524

Latitude

27.3086