#1 • 719 Highway 98 • Mexico Beach, Florida 32410

Part of Toucan’s Gulf Front Restaurant, Mexico Beach, FL (timed auction by John Roebuck Auctions)

High bid $2,950,000.00

Bidding closes Aug 31, 2017 4:00 PM CDT

TOUCAN’S GULF FRONT RESTAURANT   719 Highway 98 • Mexico Beach, Florida 32410 Click here for a video! Selling as a going business in full operation with a full staff. general manager, and chef in place. Toucan’s Restaurant and Bar is located on the sugar white sands of Mexico Beach, Florida.  Nestled between Panama City and the St. Joe development, WindMark Beach, this hot spot serves up succulent seafood and many other dishes that will tantalize any taste bud while offering guests live entertainment and breathtaking views of the sparkling emerald waters of the Gulf of Mexico. This stretch of the coast is often referred to as the Forgotten Coast since it is an unspoiled stretch of paradise that was “forgotten” during the period when much of Northern Florida’s coastline was developed, and subsequently over-developed.  Mexico Beach, the crowning jewel of this stretch of paradise, is a treasure thanks to the preservation of the sugar white beaches, pristine bays, barrier islands and unobstructed views of the entire coastline.  Toucan’s remains the premier gulf front restaurant along the coastline making this well-established restaurant an ideal investment opportunity.  Indoor and outdoor seating make Toucan’s THE place to go for tourists and locals alike year-round.  With beach chairs, volleyball courts, a playground, pool tables and live entertainment, Toucan’s is not only a restaurant; but also a destination within itself.  People spend the entire day snacking, drinking and enjoying all that this treasure has to offer and with a gift shop that encompasses over 1,000 square feet, everyone takes a piece of the fun home too!     PROPERTY FEATURES: Unique opportunity to own an established gulf front restaurant & bar in Mexico Beach, FL Toucan’s Restaurant established 1987 Casual beach front dining with live bands Toucan’s name and logo are conveyed with sale Restaurant seating capacity per code: 315 Total seating capacity including outdoor seating and waiting area: 550 165’ ± of gulf frontage Mexico Beach city zoning     Building has 3 levels Restaurant consist of two levels of dining Gift shop (1,100 sq. ft. ±) 2,200 sq. ft. ± private residence on third level Indoor & outdoor waiting area Handicap accessible 5,000 ± sq. ft. Tiki Bar & Pavilion with band stage Gas fireplace 14 tons of central heating & air for dining areas 2 levels of covered outdoor dining Metal and shingle roof TOUCAN’S INVENTORY LIST: Many items have been upgraded Kitchen  1.   3 Prep Coolers  2.   2 Two door under-counter freezers  3.   Several Stainless steel prep tables  4.   Steam Table  5.   4 Fryers  6.   2 ( 4ft.) chargrills  7.   2 Convection Ovens  8.   6 Burner gas stove w/ griddle  9.   Steamer 10.  Slide Door Cooler 11.  4 Salad Prep Coolers 12.  3 Walk in coolers 13.  4 ice machines 14.  Alto Sham 15.  Stand-up Cooler 16.  6 drawer Bread Warmer 17.  Salad Machine 18.  3 Large Capacity Ice Machines 19.  Cash Register Computer System 20.  Beeper System for waiting patrons 21.  All Silverware, Glassware and utensils 22.  Dishwashing Machine / Coffee Machines  / Drink Machines (contracted) 23.  All built-ins, fixtures, attached items, tables, chairs, booths and barstools convey    TOUCAN’S MEASUREMENTS: 12,500 sq. ft. ± Under Roof 1,300 sq. ft. ± Kitchen Area 1,100 sq. ft. ± Gift Shop 2,200 sq. ft. ± 2BR / 2BA Private Residence above the Restaurant w/ 1,050 sq. ft. Deck 5,000 sq. ft. ± Outdoor Tiki Bar and Pavilion with Bandstage Additional vacant parcels that convey with the sale of the restaurant are approximately .50 acres ± Total Seating Capacity of Toucans is: 550 Interior Seating capacity according to DBPR is 315 The total Parcel(s) that make up Toucan’s is 165’ X 80’ ± Waterfront frontage is: 165’ ±    DIRECTIONS: From Panama City, FL, go east on Hwy 98 past Tyndall Air Force base to Mexico Beach, FL. Toucan’s will be located on the right.  BROKER PARTICIPATION:If you are a Broker and wish to represent a client at this Auction, please click the link below and fill out the Broker Participation Form in its entirety. If you have any questions, please contact John Roebuck at 901.763.2825 or 888.763.2825 Click here to download Mexico Beach, FL’s Land Development Regulations.