3206 E De Soto St - Restaurant FOR SALE


Pensacola, FL 32503- Southeast Pensacola
$1,950,000 USD
850-291-3341
3206 E De Soto St, Pensacola, FL for Sale
$1,950,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

3206 E De Soto St
Pensacola, FL 32503
Southeast Pensacola


HIGHLIGHTS

  • Turn Key, Full Service Restaurant and Catering Business
  • Long Term Established Executive Chef Retirement Goals
  • Fully Renovated Restaurant Building and 2014 Built Catering Building
  • All FF&E, Catering Equipment, Service for 400, Van and Box Truck

OVERVIEW

Rare opportunity to acquire a fully operational restaurant and catering business, perfectly poised for new ownership due to the current owner's retirement objectives. Agapi Bistro & Garden, 2024 sales have generated (9/2024) $1,372,000, while Nancy’s Catering has brought in $458,000. The purchase encompasses both properties, all buildings, and all furniture, fixtures, and equipment (FF&E). Furthermore, Executive Chef Silivos is committed to faccilitate a seamless handover and would stay for a transition period should a new buyer desire. Full Service Restaurant and Catering Business Owner Financing Potential for Qualified Buyer 11.5% CAP Rate NOI $225,000 Value Add Opportunity - by adding a lunch service 555 Scenic Hwy Agapi Bistro is a comprehensive dining establishment situated at a prime corner location, boasting 60 feet of visibility along Scenic Highway and 117 feet along DeSoto Street. This inviting restaurant encompasses a total of 2,865 square feet, thoughtfully designed to include dining areas, event spaces, a full bar (liquor license for on-site consumption), and a commercial kitchen complete with preparation zones and cooking stations. The property has undergone a complete renovation, featuring significant upgrades throughout. Notable enhancements include the installation of a new roof in 2020, the addition of a 7.5-ton HVAC system in 2024, and the incorporation of both indoor and outdoor fans. Additionally, the parking lot has recently been seal-coated and re-striped. The building also boasts a convenient drive-thru window. The rear outdoor area is fully covered and features an exquisitely designed green space, creating a warm and inviting atmosphere, perfect for gatherings. This area is frequently utilized for private events, special occasions, wine tastings, and themed dinners, providing numerous additional tables to accommodate guests. The venue is equipped with outdoor cooking facilities, a wet counter, a champagne wall, a designated photo area, and a dance floor, all tailored for professionally catered special events. 3206 DeSoto Nancy's Catering and Events boasts a spacious 2,964 square foot metal building constructed in 2014. This two-story facility features an impressive 18-foot ceiling and is equipped with both a personnel entry and a 10 x 12-foot roll-up door positioned at the front for seamless loading and unloading. The interior has undergone a comprehensive renovation, optimizing the space for catering operations with abundant shelving, a walk-in cooler and freezer, and a fully-equipped office complete with a restroom. Included in the inventory are a delivery van, a box truck, and a complete set of dining essentials, including plates, silverware, and glassware, sufficient to accommodate up to 400 guests. 2,964 SF Stand Alone Metal Building Clear Span WHSE 18 FT Story Height 532 SF Mezzanine Area FF&E included - Delivery Van, Box Truck, Catering Supplies for up to 400 Guests

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Agapi Bistro and & adjacent Nancy's Catering

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,673 SF

ZONING

R-NC

APN/PARCEL ID

05-2S-29-5905-010-037

ASK ABOUT THIS PROPERTY

Cameron CauleyNAI PensacolaMore Info
850-291-3341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Cameron CauleyNAI PensacolaMore Info
850-291-3341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.