Welcome to a lucrative investment opportunity in the heart of a rapidly expanding community! This turnkey bar, boasting a coveted COP license, is now available for acquisition. Strategically situated between Thonotosassa and Plant City, this family-owned and operated establishment has been a beloved local hangout for 17 successful years.
Equipped with a versatile COP license, this property offers the unique advantage of not only serving liquor on-site but also operating as a package liquor store. Additionally, the license permits the hosting of private events both in the dedicated banquet-style space on-site and by external parties.
Upon acquisition, you'll inherit a fully furnished space complete with all fixtures, furniture, and operational essentials. This includes 16 taps, an ice machine, four flat-screen TVs for patrons' entertainment, and an on-premises ATM for convenience.
The business model further benefits from leased assets, including a jukebox and two pool tables, with a profit-sharing arrangement ensuring a steady income stream. This strategic partnership mitigates the financial burden of equipment maintenance and upkeep.
Not just a local hotspot, this establishment attracts patrons from far and wide, making it a vibrant hub for both community regulars and curious visitors. With a functional website and established online presence, reaching and retaining customers is streamlined and effective.
With minimal overheads and an established revenue stream, new owners can start generating profits immediately upon takeover. Whether you're a seasoned investor or an entrepreneur looking for a thriving business opportunity, this well-maintained money maker promises a seamless transition and abundant potential for growth.
Don't miss your chance to own a piece of this flourishing community and secure your foothold in the dynamic hospitality industry. Act now to capitalize on this rare chance to own a bar with endless possibilities for success.
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$1,499,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,199,200 | $1,199,200 | $1,199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 6.851% | 6.915% |
Monthly Tax Payment | $177 | $177 | $177 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,079 | $7,778 | $10,612 |
Total Monthly Payment | $8,381 | $8,080 | $10,914 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.