2 Neighborhood Bar & Grill For Sale In The Panhandle Allentown, FL 32570

Property Details for 0 2 Neighborhood Bar & Grill For Sale In The Panhandle

Year built

2019

Property size

5,800 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional offering presents two thriving neighborhood bar and grills located in the rapidly growing Santa Rosa County, Florida (zip code 32570). Both establishments boast impressive 2023 sales exceeding $1,938,280, generating substantial seller discretionary earnings of over $332,277. Built in 2019 and 2022 respectively, these fully operational businesses occupy a combined 5,800 square feet of space, with individual footprints of 2,000 and 3,800 square feet. Each location features extensive bar and kitchen equipment, including multiple refrigerators, freezers, grills, fryers, and ample seating for patrons. The well-established menus and prime locations contribute to consistent sales and strong brand loyalty. Both locations benefit from highly visible positions in growing areas, complemented by excellent 4.8-star Google ratings and a loyal customer base. The current leases, extending until August 31, 2029, offer favorable terms with monthly rent significantly below market value at $2,400 and $2,700 respectively (inclusive of CAM fees). Each location holds four COP SFS liquor licenses. The sale includes the option for owner training, with one owner potentially remaining post-sale to ensure a smooth transition. This presents a rare opportunity to acquire two established, profitable businesses in a booming market, ideally suited for an owner-operator or investor. The businesses are also qualified for SBA lending. Nine employees are currently on staff.

Location Insight

City

Allentown

County

Santa Rosa

State

Florida

Longitude

-87.0224

Latitude

30.8158