MergerPlace

Tallahassee Bistro Pub

Florida (Leon)


  • Asking Price: $72,500
  • Gross Income: $297,577
  • Cash Flow: $19,265
  • Real Estate: Not Disclosed
  • Inventory: $2,500
  • FF&E: $58,910
  • Listing ID: #200363
  • Established: 2012
  • Employees: 1 FT/8 PT

Business Description

Tallahassee trendy neighborhood pub and bistro for sale. One of a kind tavern with selected craft beers, fine wine selections and serving delicious gourmet-like organic entrees. Very unique and cozy interior with a 46 person seating capacity. Overall ambiance is accentuated with natural hand carved wooden furniture and décor. Perfect opportunity for a seasoned restaurateur.

This restaurant is a quaint yet elegant organic farm-to-table bistro located near Tallahassee Memorial Hospital and the Old Town neighborhood. Though situated near a very busy intersection, it remains one of Tallahassee’s best-kept secrets. The intimate atmosphere is perfect for romantic date nights and cozy dinners with family and friends. They offer a morning menu with quiche and baked goods; lunch with a few hot plates and some easier fare like pizza, soups and salads. The dinner menu is more refined and incorporates frequently changing local produce, meats and cheeses. They have live music on the weekends and provide a unique “casual fine dining” experience.

Sustainable practices are another undersold aspect of this business. These include buying exclusively certified organic or local ingredients, supporting many area farmers and producers, composting all food waste and using recycled paper and non-toxic cleaning products. Being an Ocean-Friendly Restaurant, which means that they don’t use any Styrofoam products and minimize the use of plastic.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Leon

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/8 PT

Financial Information

Asking Price: $72,500
Gross Revenue: $297,577
Cash Flow: $19,265
FF&E: $58,910
Inventory: $2,500
Seller Financing Available: No

Property Information

Facilities:

The location and trendy interior of this popular Tallahassee bistro are very important. Located near a 40,000 cars per day intersection, it borders the north side of Old Town Tallahassee and the east side of Old Betton Hills. Both upscale neighborhoods. The restaurant’s beautiful interior is furnished with hand-crafted wooden tables and booths, antique light fixtures and vintage parlor-style iron table bottoms. Tables and shelves are decorated with a collection of antique bottles. True to local roots, the gorgeous bar is made from a solid piece of dead-head cypress that was pulled out of the Apalachicola River. There is also a small stage that is used for a variety of performances and presentations and the walls and ceilings have unobtrusive sound-proofing panels that help to minimize noise. The fully-equipped kitchen has everything needed to create their seasonal and frequently-changing menu. Kitchen items include a walk-in cooler, dishwasher, 12-foot hood and fire suppression system, cookware and a variety of small appliances. A very detailed list of all included assets (over $59,000 in tangible assets) will be provided to all qualified buyer prospects.

Growth & expansion opportunities:

This Tallahassee restaurant has enormous potential for growth. Farm-to-table restaurants are very trendy and the market for them is growing. With targeted advertising and a larger social media presence, a new owner will likely attract more young customers, (with trendy craft beer and live music),more epicureans, (with fine farm-to-table fare),and more folks interested in supporting environmental sustainability. This restaurant was started without any prior business education or experience and without any plan for marketing or sales. The owners focused on building relationships with farmers, creating a unique and welcoming atmosphere and promoting local agriculture, rather than focusing on the bottom line. This special spot will thrive under a chef/owner who has experience with restaurants or a background in business operation. There are so many possibilities for branding, (or re-branding) building a social media presence, reducing expenses, expanding alcohol sales, attracting catering clients and targeting new customers—all of which would increase revenues. The sellers will be happy to assist in any way needed during the transition to new ownership.

Competition:

This Tallahassee pub/bistro is one-of-a-kind. The unique combination of fine dining, casual and cozy atmosphere, organic food, excellent wine and beer offerings, specialty coffee from small independent roasters and live music is unexpected and interesting. While there are a few “farm-to-table” restaurants popping up these days, there is no other restaurant in Tallahassee that serves expressly organic and local fare. The owners never did a local market analysis or created a marketing plan when they opened this restaurant. Rather, they have relied on word of mouth to reach new customers and haven’t done any targeted advertising. It is almost incredible that this business remains so popular without any advertising, promotion or ordinary marketing. This leaves a lot of creative breathing room for redefining the restaurant into whatever new ideas a buyer may have.

Reason for selling:

New Career.

Support & Training:

Will train for 3 weeks @ no cost. This restaurant has many wonderful regular customers who return time after time because they feel great about the high-quality foods which are served, the friendly and welcoming atmosphere, and that they are supporting our local agricultural economy. With counter service during lunch hours and full service during dinner, guests get a casual daytime vibe and a more refined upscale dinner experience. The seasonally changing menu lets the patrons know they are getting the freshest and most wholesome food in town. This tavern serves refined beer and wines focused on local brews and domestic wineries. In serving craft beer and wine they utilize a 2COP license (consumption on premises of beer and wine). There is opportunity for expansion into a full liquor bar, which could include the use of local ingredients and flavors in creative cocktails. The owners have worked hard to develop excellent relationships with local farmers and producers, and have supported the Red Hills Small Farm Alliance extensively. Because of these great relationships they are able to buy fantastic naturally grown produce and meat that is often in short supply. There is also plenty of opportunities for catering and hosting private parties in the beautiful and unique dining room. The sellers have rented out our space for private dinner parties, legislative functions, anniversaries, birthday parties and wedding receptions. Extensive pictures of the very interesting and unusual interior space will be provided to qualified buyer prospects.

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Business Listed By:

John Kraft

Murphy Business Brokers