Prime Investment opportunity

Own an Island Hotel & Restaurant -
Cedar Key, Florida

The Opportunity

Cap Rate: 12.76%
Building Size: 10,012 SF
Full Restaurant: 60 Seats, 35 Bar Seats, 60 Courtyard Seats
Hotel: 10 Guest Rooms with Private Baths
Yearly Occupancy: 64%

This is a unique opportunity to own a high performing restaurant/hotel operation with upside potential.

For the Owner/Operator: With a successful business as the foundation from which to build, this is the perfect opportunity to own a restaurant/hotel. Increase revenue, build your brand and continue the successful tradition. 
For the Investor: With excellent cash flow and strong returns, this property offers the potential to deliver year-over-year returns at increasing rates. With cosmetic renovations there is the potential to substantially increase returns.

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Established Business

The business has been in place for 20+ years and has garnered a serious following amongst both locals and tourists alike. With a 4.6/5 star rating on Google with 215 reviews, the restaurant and hotel generate significant traffic through organic search. These ratings and the corresponding traffic have been earned through years of running the business successfully.

restaurant facade

Strong Market Fundamentals

Cedar Key is a vibrant tourist destination. Having become a haven for artists and writers, the town is going through a resurgence, in part, driven by a growing local economy. Historic streets, shops, galleries and abundant wildlife draw tourists year round — tap into this small paradise and join the growing community.

palm trees

Property Highlights

$2,000,000

10 guest rooms w/ private baths, private owner’s quarters, full bar w/ 35 seats, full restaurant w/ 60 seats, courtyard seating 2/ 60 seats, large storage room & commercial kitchen.

  • Excellent Market
  • National Register of Historic Places
  • Excellent Location
  • Upside Potential

Offering Memorandum

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