Current Price:$650,000 List Date:6/15/2023Last Modified:8/23/2024
Description
Got margaritas in paradise? We do!... SURF CLUB CANTINA is a 120 seat restaurant, bar and newly added merch/wine shop primed for a new owner turn key! Capitalize on a 20 yr lease renewal, Coral Bay waterfront views, soft sea breezes, tropical vibe, delicious + profitable menu. Community rooted, established destination for 7yrs with loyal customers served by experienced staff, new POS systems and much more. To convey is a large private island kitchen with warranted equipment, 12 foot hood system, walk-in cooler, freezers, rice cookers, line coolers, steam table, new small wares and more. A 50K generator called ''the beast'' makes certain all operations are stable, fully functioning during island power outages.
With a highly profitable cantina themed menu and...
Supplements: new branded merchandise and wine store, a new owner is set up for success. Listing price is based on success of Surf Club Cantina food/beverage gross, leaseholds, FFE, and 400K projections of new merchandise and wine shop, opening June 2023. Current operator has negotiated a super favorable 20 year lease renewal that ensure stability. Serious inquiries only; NDA required. First time owner or experienced hand, no worries, owner will include 2 weeks of hands on training and piggyback of licenses to ensure continuous operations.
More Information MLS# 23-189
Contract Information
Current Price: $650,000Status: ClosedBook Section: COMMERCIALRealtor.com Type: CommercialList Date: 2023-06-14Under Contract Date: 2024-04-04Sold Date: 2024-06-03Sold Price: $650,000Intended Use: Other
Business Name: SURF CLUB CANTINABuilding Size (+/-): 16000Year Built: 2000Lot Size In Acreage: 0.37Lot Size In SqFt: 16117DBA: SURF CLUB CANTINAHurricane Damaged Property: No
Addl Property Info
License: Barkeeper, Tavern,Parking: ampleUtilities: all metered
Lease Information
Lease Options: yesLease Terms: 10/10
Ownership Info
# of Employees: 11Years Established: 7
Financial Info
Gross Income: 1.6m + 400k
Listing Office: 340 Real Estate Company LLC.
Office Email: 340realestateco@gmail.com
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