Current Use by Public Records
- Retail properties & Spaces
Property Details for 452 000
- Year built
- 2020
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This established Odessa, FL bar is a turnkey opportunity for a savvy investor. Boasting $452,833 in gross revenue in 2023, this 1,960 square foot bar features both indoor and expansive outdoor patio seating. The current lease, valid until January 28, 2031, with options, includes all CAMs and taxes at a monthly cost of $9,273.09. Located in a newer shopping center with ample parking, this bar benefits from a fast-growing community and high median income exceeding $100,000. The sale includes a fully equipped bar with extensive inventory of equipment (detailed inventory available upon request), a fully staffed operation, and a prepared Franchise Disclosure Document (FDD) for potential expansion and franchising. The current owner has already cultivated a list of over ten potential franchisees. This is a rare opportunity to acquire a profitable, established business with significant growth potential. The business is an asset sale, and inventory is not included in the asking price of $199,999. Seller financing is not available. The bar's hours of operation are Sunday 12pm-10pm, Monday-Thursday 3pm-10pm, and Friday and Saturday with extended hours. Four part-time employees are currently in place. The business has been operating successfully since 2020.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Pasco
- State
- Florida
- Longitude
- -82.5835
- Latitude
- 28.1222
