Premier Sports Bar Tavern and Restaurant with Incredible Lease in South FL

Description

Overview: Seize this unique opportunity to invest in a well-established and popular sports bar and restaurant in South Florida. Known for its engaging atmosphere and consistent profitability, this business is perfectly poised for an investor looking for a lucrative venture.

Business Highlights:

• Facilities: The property features a 2,000 square foot interior complemented by an impressive 3,000 square foot covered tiki hut patio, creating a vast and inviting space for guests to enjoy year-round.
• Financial Performance:
  • Top Line Sales: Achieved nearly $2.9 million in its first year of operation.
  • Net EBITDA: Demonstrated strong earnings with $776,000 in 2022 and $691,000 in 2023.
• Lease Terms: The restaurant benefits from an extremely competitive lease term with a base rent of $3,700 per month, under a long-term 30-year agreement with modest annual increases of 3%.

Investment Potential: This turnkey operation is not only financially robust but also comes with a well-established management team and staff ready to continue under new ownership. With its proven operational efficiency and excellent EBITDA performance, this restaurant offers significant investment appeal.

Valuation: The asking price is strategically calculated based on a 4x multiplier of the average EBITDA over the past two years, reflecting the business’s proven profitability and strong future potential.
$2,950,000

Unique Selling Points:

• Renowned for its diverse menu and high-quality ingredients, this establishment focuses on freshness and local sourcing.
• Strategically located in a bustling area with high visibility and ample parking, ensuring a steady flow of both regulars and new customers.

Opportunity Details: This is not just a place to dine; it’s a community hub for great food, drinks, and memorable experiences. Its extensive space and strategic location make it a prime spot for continued success.

Next Steps: For more detailed information and to begin the qualification process, interested parties are encouraged to click here to fill out our confidentiality agreement. Contact our office directly to discuss this exceptional opportunity further.

• Size: 50000
• Lease: 30
• Infrastructure Included: Yes - Full Kitchen & Bar
• Zoning: Restaurant / Bar
• EBITDA: $ 700,000.00