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Live Music Venue and Scratch Kitchen Bar & Grill

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Restaurants & Food Businesses for Sale

  • Primary Industry: Bars, Pubs & Taverns


***Seller Financing and Motivated Seller***A renowned live music venue with a top-rated bar and grill is available for sale on the Gulf Coast of Florida for the asking price of $500,000. Real estate on US41 also available for $1.5M. or lease or redevelop. Seller has a construction company and can partner on the venture. Bring all offers!

This exciting eatery features a scratch kitchen serving fresh, not frozen or pre-made, food. The certified chef creates a culinary experience rivaling top tier restaurants. Plus, the venue features live music nights with a variety of talent from all over the country, plus Karaoke nights and more using state-of-the-art sound and light system.

The business generates $205,747 SDE on $762,025 annualized 2024 revenues based on prior seven months. The existing FFE is detailed in the report below with a conservative value of $355,487. The bar, floor, kitchen, stage, sound-system, game room, etc. are all new and in amazing shape.

The sellers are offering significant SELLER FINANCING for the right buyer displaying their confidence in the business. The sellers own a construction business and repairs or additions to the property can be negotiated or partnered on.

The current liquor license is 4COPsrx (with food), being upgraded to 4COP package liquor license valued at $800k also available for $650k or lease. Expectations of an additional 30% revenue growth with package liquor. This will add asset value to the business.

Great traffic of of Hwy41.

Don’t wait, make your dream of owning a live music bar & grill come true today!

Financial Information

  • $500,000 Asking Price
  • $205,747 Cash Flow
  • $762,025 Gross Revenue
  • $50,000 Down Payment
  • Yes Financing
  • N/A Adjusted EBITDA

Business Location

  • City: Sarasota
  • State: Florida

Financing Comments

  • Significant seller financing available for qualified buyer.

Reason for Sale

  • Semi-retirement and focus on other businesses

Detailed information

  • Year Established: 2024
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 10
  • Part-Time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: 40
  • Inventory Included: Yes
  • Inventory Value: $10,000
  • Monthly Rent: Negotiable
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $1,500,000
  • Building Size: 4000
  • FF&E Included?: Yes
  • FF&E Value: $455,487

Training/Support

  • 2 weeks included, longer negotiable

Facilities

  • Built in 1963, only the third restaurant to be in the location.

Market Outlook/Competition

  • One of a kind live music venue and bar & grill with bars, beer towers, and game room in the area.

Real State Description

  • Commercial property on 41 near Sarasota/Bradenton International Airport.
Business Listed by
image of Ron Vandiver
Ron Vandiver
Sunbelt of Sarasota and Bradenton, FL
Email Ron
Show Phone Number
Listing ID
SARASOT002-56676
License Number
SL3564847

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