Bar & Cafe For Sale in Central Florida
Lake Mary, FL (Seminole County)
Seller Financing Available
Asking Price: $299,000
Cash Flow: $146,825
Gross Revenue: $274,241
Money-making Cafe For Sale in Central Florida. The business managed to stay open throughout 2020 and net the owner over $140K in profit. 2021 is also looking like it will be a strong year for the business. The business currently operates as a wine bar and bistro with great success but the possibilities to turn it into another desired concept is highly viable as well.
The business currently caters to those who like wine and also offers other cafe items such as desserts, pastas, tapas, flatbreads and charcuterie boards.
Customers have an extensive wine selection to choose in addition to a cafe menu with a facility that offers both spacious indoor and a bright and welcoming outdoor seating. 2020 was a great year for them with loyal customers still purchasing wine and coming out for both eating and drinking.
Business has more options for expansion where a new owner can host more private events in the second floor which features an exclusive Speakeasy currently only operating weekends via reservation.
New owner could host more wine tastings and serve additional cafe options as well. There is also more opportunity for a buyer willing to open for more days and more hours during the week.
Wine inventory is estimated at $40K and its inclusion is negotiable according to the needs of the buyer. Inventory includes allocated and highly rated wines. All of the earnings are on tax records.
The venue is located in a beautiful and vibrant historic downtown surrounded by the most diverse craft beer brewery scene (over 5 in town) and highly sought and renowned restaurants and even a local winery.
The downtown is heavily supported by the local community which is compromised by young and active adults, families and all cultural backgrounds. The downtown was revitalized several years ago. The benefits are endless. The venue is located centrally next to other bars and restaurants creating a significant foot traffic volume. The downtown also serves as a weekend trip for people from neighboring cities as the downtown hosts several events throughout the year.
Current owner is offering as much time as needed for a smooth transition and employee training if the new owner wishes to keep operating as a wine bar/cafe. The cafe is highly regarded within the wine community and has been voted Best of in several surveys throughout the years. Venue also has a current 5 star rate in Yelp and 4.8 on Google.
The facility offers both indoor and outdoor seating and did extremely well in 2020 with loyal customers still purchasing wine and coming out for coffee and food. Business has more options for expansion where a new owner can host more private events, wine tastings and serve additional cafe options. There is also more opportunity for a buyer willing to open for more days and more hours during the week. All of the earnings are on tax records.
Location: Lake Mary, FL
Inventory: Included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Great facility with both indoor and outdoor seating. There is also access to additional event space.
Growth & Expansion: Business definitely has the capability to open up for more days and more hours throughout the week as they currently operate with a minimum number of hours a week making these earnings.
Financing: Owner is open to financing a small portion of the purchase for a qualified buyer.
Support & Training: Owner will work with the buyer to make for a smooth and easy transition into the business.
Reason for Selling: Health issues are forcing the sale.
For more information please call the Orlando area business brokers at Crowne Atlantic Properties at 407-478-4101.