000 Annual Earnings Tallahassee, FL 32311
- Retail properties
- 6,000 SF
Current Use by Public Records
- Retail properties
Property Details for 000 Annual Earnings
- Year built
- 2018
- Property size
- 6,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving Tallahassee bar and grill, established in 2018, is offered for sale at $699,000. Boasting 6,000 square feet of space, it consistently generates over $234,000 in annual profits from approximately $1.3 million in annual sales. The lease, currently at $5,300 per month (inclusive of CAM fees), extends until January 31, 2025, with options to renew. This represents a low rent, well below market value, and only 6% of annual sales. The property includes a fully equipped kitchen with high-end appliances (including a Toastmaster Pro Series Gas Griddle, multiple fryers, a gas stove, various coolers and freezers, ice machine, prep tables, sinks, and POS systems) and a substantial bar area with ample seating for approximately 100 patrons. The current owner, selling for personal reasons, is willing to provide training post-sale (terms negotiable). The business benefits from a loyal customer base and a prime location, making it an exceptional opportunity for a new owner. The business currently employs 48 people. The sale includes extensive equipment, as listed in the detailed inventory. Projected sales for 2024 are $2 million. This turnkey operation is ready for immediate ownership.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.1646
- Latitude
- 30.3749
