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    OFF-MARKET
    Retail properties & Spaces

    0 Local Neighborhood Bar For Sale Full Package License Near The Bch, Sarasota, FL 34231

    950 SF
    Property ID
    Property summary
    AI-generated overview

    This established neighborhood bar in Sarasota, Florida (zip code 34231), presents a unique investment opportunity. Priced at $800,000, this 950-square-foot turnkey operation boasts a full liquor license, a loyal customer base, and a prime location near one of the nation's best beaches. The business enjoys a strong reputation and benefits from Sarasota's status as a top relocation destination. The current lease has nine years remaining, with a very low monthly rate of $850, inclusive of CAMs, taxes, and insurance. The bar features a 4-6 foot bar cooler, 25 bar stools, and a pool table. While the current annual gross revenue is $562,000, the cash flow is currently zero. Inventory is not included in the asking price. The sale is a business sale only; real estate is leased. The business employs six people. The seller is motivated by personal reasons and is offering one week of support for a smooth transition. This rare opportunity combines a coveted full liquor license with a remarkably low lease rate, presenting significant potential for growth and profitability under new ownership. The bar has seating for 25 patrons indoors. There is no hood system. This is a business sale only; the real estate is leased.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 950 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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