Restaurant Sports Bar & Grill, Edgewater, FL - R/E incl

Business Opportunity for Sale
Catylist Listing ID: 30855394
Property Subtypes: Food and Beverage
Building Size (RSF): 2,044 SF
Sale Price: $2,000,000
Name of Establishment: Tailgatorz Sports Bar & Grill
Business Website Address: https://www.tailgatorz.net/
Year Business Established: 2018
Gross Revenue: $1,600,000 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 2/19/2024

Overview / Comments

Slam Dunk! This independently owned restaurant and sports bar includes the operations, real estate (1.3+/- acres), IP, and transfer of the 4COP liquor license. Lender reviewed and bankable. Purchase comes with all existing management and trained staff. Strong foundation to get started. Positive cash flow operation. Established customer base with room for growth. Located on a major thoroughfare, close to the ocean. High growth area. Establishment features indoor and outdoor bars, pool tables, 15+ TVs, and a fenced outdoor entertainment area for live music and corn hole tournaments.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Industry Segment: Bars and Taverns
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $640,000
Real Estate Lease Description: 1.3+/- acre corner lot
Part of Planned Development?: Yes
Employee/Labor Description: 18 employees to transfer with sale.
Mgmt/Training Support Description: Owners willing to stay on for a period of time for training and transition.
Competition/Market Description: Existing customer base located on a major thoroughfare in Edgewater, FL. Open 7 days a week 11am to Midnight and 11am-2am on Friday and Saturday.
Growth/Expansion Opportunities: Local and tourist markets. High demand area with growing residential and commercial developments. Opportunity to expand on adjacent vacant lot (sold separately).

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,491 24,051 34,750
Median Age: 68.57 49.57 49.9
Households: 820 10,475 15,464

Contact

Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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