Poor Paul's Pourhouse

Asking Price$2,525,000

Cash Flow
$116,855
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$902,254

Inventory$35,500
Included in asking price
FF&E$46,500
Included in asking price
Real Estate$1,300,000
Included in asking price
listing imageSave

Poor Paul's Pourhouse


Asking Price$2,525,000

Cash Flow
$116,855
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$902,254

Inventory$35,500
Included in asking price
FF&E$46,500
Included in asking price
Real Estate$1,300,000
Included in asking price
Business Description
Poor Paul's Pourhouse is a Legendary Tallahassee watering hole!
This locally famous bar/tavern is strategically located on "The Strip" in Tallahassee directly across from the Florida State University Campus. This prime location has been highly significant, contributing greatly to the bar's popularity. Not surprisingly, FSU students comprise a significant portion of its customer base. However, there is loyal patronage from former students and a "beer drinking" population that frequently enjoys the "good vibes" at Poor Paul's. Patron's play pool and shoot darts in regular nightly competition while enjoying Poor Paul's famous discounted beer and mixed drinks promotions. There is a strong brand image of this bar offering discounted prices which supports the name: Poor Paul's. Over the years the owner coined the area's best bar slogan which captures the light-hearted atmosphere every night: "Who's your buddy!"
About the Business
Years in Operation
49
Facilities & Assets
Poor Paul's is located on very valuable property (.39 acres) on the main East/West artery running through Tallahassee: West Tennessee Street. Recently appraised (5/9/2025) at $1,300,000, this area of town is in the heart of numerous newly constructed Student Housing Projects...everything is in walking distance to this popular tavern. Poor Paul's is located on the lower floor of the two-story building (3,670 sq. ft.) Total square footage for the entire building is 7,190 square feet.
Market Outlook / Competition
Frankly, there is no tavern/bar quite like Poor Paul's in North Florida! This popular drinking hole is located in the heart of The Strip across from FSU. Next door and almost as famous is a popular bar: Bullwinkle's. Fortunately for both establishments, they attract similar patrons and complement each other as customers frequently patronize both taverns on the same night! Of course, there are other locations within a half mile of FSU which attract coeds, frat boys and other college folks, but they are not on The Strip.
Opportunities for Growth
Remembering that Poor Paul's has been a popular night spot for over 49 years, a new owner is in the enviable position to capitalize on several factors: Location, Brand Image, local reputation/lore of Poor Paul's, the fact that over 35,000 college students are within a few blocks, and tens of thousands of locals have had a beer or two at Poor Paul's over the past 5 decades. It truly is a Legendary watering hole.
In reopening this bar, there is an opportunity to update and renovate the interior as the place is noticeably shop worn after all these years!
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
Owner, passed away in August 2024. Sale through his Trust.
Listing Info
ID
2375009
Listing Views
794

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: John Kraft Murphy Business & Financial Corporation

Listing ID: 2375009 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.