Incredible Opportunity for Iconic Florida Keys Restaurant

Full Service Bar & Rest

Value-Added Opportunity with Liquor License.

Going Concern with 5COP Liquor License allowing package sales as well as full bar, all FF&E and inventory. Additional square footage operated as retail space to generate additional revenue stream. Real Estate is available at additional price if desired. Purchase of Real Estate would include a City Transient Rental License (stand alone asset) Total lease for premises $168K annually, paid monthly at $14K per month. Additional Residential Dwelling Right (stand alone asset) is also available for sale if desired. Sale can be structured in several ways. Here is a detailed description of purchase of Going Concern, Liquor License, Real Estate, Transient Right, Residential Right.
Rare chance to acquire an iconic restaurant, bar, and retail opportunity, with a uniquely versatile 5 COP unrestricted Liquor License. The sale includes real estate, renovated building, and a spacious 4+ -bedroom, 2-bathroom apartment on the second floor currently listed on Airbnb. The property boasts a large indoor bar and dining area with air conditioning, as well as an outdoor bar with a stage for live performances. Situated on the highly visible Overseas Highway, it offers over 340 feet of highway frontage, a prominent billboard for southbound traffic, and a historic neon sign visible to northbound travelers. There is plenty of parking for both employees and customers, and the property underwent major renovations between 2016 and 2017, with additional upgrades made recently. Included in the sale are all furnishings, fixtures, restaurant and liquor store equipment, coolers, and a unique 5 COP unrestricted liquor license, and inventory. The property also includes a transferable city of Marathon Market Rate TBR (Transferable Building Right.) and is licensed for 157 seats, covering both indoor and outdoor areas. Despite its established reputation for cold drinks, great food, a pub atmosphere, arcade games, and live music, there is still room for significant growth with hands-on ownership. This property offers a solid foundation and excellent potential for further expansion and success. The Overseas Pub& Grill has played a significant role in Marathon for over 70 years. Most recently the establishment has become the center of a robust philanthropic effort, spearheaded by key personnel, raising considerable funds for those needing help, both near and far.