Listing Number: BBF-871-10770
Price: $3,495,000
Down: $3,495,000
Location: Hernando County, Florida
Category: Restaurants
SIC Code: 5812
Sales: $2,881,787
Discretionary Earnings: $398,897
May Qualify for Visa: Yes
Contract Pending / Accepting Backup Offers

Business Description

Rare Opportunity – Iconic Waterfront Restaurant & Bar

Own a legendary Old Florida-style waterfront restaurant and bar, a beloved community staple for over 60 years. This iconic establishment is renowned for its fresh seafood, live entertainment, and stunning Gulf views, particularly at sunset.

The property features multiple dining areas, a bar, private party room, an outdoor covered patio with an outdoor bar, and a fully equipped chef’s kitchen—all designed to create a vibrant yet casual atmosphere. Seating capacity is approximately 300 guests, making it ideal for both regular dining and private events.

This turn-key business is fully staffed with experienced management, including a Bar Manager, FOH Manager, and Kitchen Manager, offering a seamless transition for a new owner, whether absentee or hands-on.

Key Highlights

• Iconic Old Florida-style waterfront restaurant with strong community following

• Fresh seafood and live entertainment

• Multiple dining areas, private party room, and outdoor covered patio with bar

• Fully equipped chef’s kitchen

• Seating for ~300 guests

• Experienced management team in place

• Turn-key opportunity suitable for absentee or owner-operator

• Prime real estate included: 0.88 acres with restaurant/bar + six-unit strip center leased to local vendors

• Adjacent 0.50-acre parcel for additional parking

• 4COP Quota liquor license included (estimated value $250,000)

Assets Included

• Accounts Receivable: $0 (Not included)

• Inventory: $20,000 (Included)

• Furniture, Fixtures & Equipment (F F & E): $150,000 (Included)

• Real Estate: $2,300,000 (Included)

• 4COP Quota Liquor License: $250,000 (Included)

• Leasehold Improvements: $0

• Total Assets Included: $2,720,000

Relocatable: No
Home Based: No
Franchise: No
Lender Pre-Qualified: No

Ideal Buyer

• Restaurateur seeking a turn-key, iconic waterfront operation

• Entrepreneur or investor looking to own prime real estate and profitable business

• Buyer interested in absentee ownership with strong management in place

• Hospitality professional seeking a high-visibility, high-traffic waterfront location