555 Scenic HwyPensacola, FL 32503

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