Real Estate with Bar Restaurant - great corner lot, with apartment
Business Description
Absolute best buy for a buyer! Real Estate is worth $200-300k more than entire sale of business including real estate for the seller to retire by the end of the year!
Established decades ago, the restaurant/bar business opportunity comes with real estate - providing additional revenue streams with the banquet/event space and an apartment. Could even have room to put in a retail store or convenient store.
The prime corner location with bayfront view gives you incredible visibility and foot traffic from both locals and visitors exploring the area. You'll appreciate how the established customer base provides steady revenue while the tourist traffic adds exciting growth potential. The customers enjoy themed karaoke nights, live bands, , and great menu specials.
The dedicated banquet/event space opens up additional revenue streams for parties, meetings, and events. In addition to the banquet/event space, this property features an apartment, live in it or lease it for additional income. The tentants can also watch the fireworks right from their apartment.
Established decades ago, the restaurant/bar business opportunity comes with real estate - providing additional revenue streams with the banquet/event space and an apartment. Could even have room to put in a retail store or convenient store.
The prime corner location with bayfront view gives you incredible visibility and foot traffic from both locals and visitors exploring the area. You'll appreciate how the established customer base provides steady revenue while the tourist traffic adds exciting growth potential. The customers enjoy themed karaoke nights, live bands, , and great menu specials.
The dedicated banquet/event space opens up additional revenue streams for parties, meetings, and events. In addition to the banquet/event space, this property features an apartment, live in it or lease it for additional income. The tentants can also watch the fireworks right from their apartment.
About the Business
- Years in Operation
- 31
- Employees
- 7 (3 Full-time, 4 Part-time)
- Facilities & Assets
- Everything included, business inventory, FF&E, tenant occupied apartments, real estate
- Market Outlook / Competition
- Prime area real estate, bayfront view, no other establishements with restaurant/bar and apartments for sale right now in the area
- Opportunities for Growth
- Renew business model, get business profitable. Real estate comps are approx $1.25-1.3M. Seller is past ready for retirment and willing to seller carry some for quick sale.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 8,000
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- 4 weeks 15 hours week or negotiable
- Financing Options
- Seller financing for some available
Listing Info
- ID
- 2405748
- Listing Views
- 96
Listing ID: 2405748 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.
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