300 Petronia Street Key West, FL 33040

Other MLS #: 621681 Courtesy Of Preferred Properties Coastal Realty, Inc.

$1,200,000

3 half baths | 1,802 sq ft
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Property InformationDescription

A rare opportunity to acquire two established and complimentary hospitality businesses operating side by side in one of Key West's most desirable and recognizable Old Town neighborhoods. La Creperie French Cafe and ViV Wine Bistro offer a distinctive day to night business model at 300 Petronia Street, in the heart of Bahama Village and directly across from the iconic Blue Heaven. The businesses operate as separate concepts while naturally complementing one another, creating an exceptional opportunity for an owner operator, hospitality group, or investor seeking an established Key West platform. La Creperie brings a charming French cafe experience to Key West, specializing in freshly prepared sweet and savory crepes, traditional galettes, French pastries, coffee, cheeses and charcuterie. Its inviting European atmosphere and established identity have made it a beloved part of the local dining scene. Next door, ViV Wine Bistro transitions the experience into the evening, offering an intimate French inspired setting centered around thoughtfully selected wines, artisan cheeses, charcuterie, tapas and classic French inspired dishes. Live music and special events further enhance ViV's appeal as an evening destination. Together, the businesses create a compelling operating model: French cafe by day and wine bistro by night, with two recognizable concepts, complementary dining occasions and the ability to capture both visitor and local clientele. The property is leased through October 2034, providing meaningful lease runway for an incoming operator, subject to lease assignment and landlord approval. - Two established businesses offered together as one acquisition - Established brands and loyal customer base - Distinctive French culinary identity - Complementary daytime and evening operations - Existing restaurant infrastructure and operating systems - Long term lease in place Opportunity to expand catering, private events, special programming an

Features

  • Age: 11-20 Years Old
  • Amenities: Patio
  • Appliance: Coffee Maker
  • Appliance: Oven
  • Appliance: Dishwasher
  • Appliance: Refrigerator
  • Appliance: Disposal
  • Appliance: Stainless Steel Appl
  • Appliance: Range
  • Appliance: Ice Machine
  • Cooling System: Central Air
  • Exterior Type: Frame
  • Floors: 1
  • Legal Description: Kw Pt Lot 7 Sqr 1 Tr 3 J2-33 Or3-1/2 Or58-132/33 G16-27 Or724-786/87 Or822-1971 Or967-1054/55 Or981-1017/18 Or1171-1912/
  • MLSID: 621681
  • Rooms: Bathroom 2
  • Rooms: Bathroom 3
  • Rooms: Bathroom 1

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300 Petronia Street, Key West, FL 33040
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