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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Sarasota Revenue Of $850000 Sarasota, FL 34238

3,500 SF
Property ID
Property summary
AI-generated overview

This thriving South Sarasota restaurant is offered for sale at $379,900. Boasting 3,500 square feet of space, this established business generates over $850,000 in gross annual revenue. The lease extends until December 30, 2029, with a monthly rent of $10,241. The restaurant features a stunning, recently renovated build-out completed within the last five years, including a private speakeasy. The fully equipped kitchen includes a 30-foot stainless steel hood, walk-in cooler, double stack ovens, charbroiler, range, fryers, freezers, prep coolers, deli slicer, microwave, steam table, ice machine, ice tea brewer, cappuccino machine, and a Pepsi dispenser. Additional equipment includes a multi-camera security system and multi-station POS system. The restaurant also boasts ample smallwares for both the kitchen and dining areas. Indoor seating accommodates over 100 guests. Seller financing is available. This turnkey operation is ready for immediate ownership, offering a unique opportunity in a high-net-worth area of Sarasota, conveniently located off US-41. The current owner is selling due to other business commitments. The sale includes a substantial high-end liquor inventory and two weeks of training. This is a rare chance to acquire a profitable, well-established restaurant in a prime location. The business is currently employing 21 staff members.

Property profile
Verified
Property type Retail properties & Spaces
Total area 3,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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