Panama City Beach – Toucan’s in Mexico Beach to hit auction block

MEXICO BEACH – Want to get into the beach restaurant business?  Who knows you could be the next Jimmy Buffett.  Paul Francis the current owner is headed for prison (busted for guns and drugs.  Maybe the restaurant business is a little slow right now) and his business, Toucan’s restaurant, is headed to the auction block.

Roebuck Auction announced this week that it will sell the restaurant and two other adjacent gulf front properties that are all zoned tourist commercial. The auction is scheduled to take place at noon March 12, officials said in a news release.  The restaurant is located at 812 U.S. 98 on 165 feet of gulf front property.   

The building has a total seating capacity of 550 patrons. Included with the sale are the Toucan’s name and logo, a fully transferable Bay County liquor license, Point Of Sale computer system and pagers, as well as all owned and leased equipment, the release said.  The entire building consists of the restaurant that encompasses two levels of dining, a 1,100-square-foot gift shop and a 2,200-square-foot private residence on the third level. Connected to the building is a 5,000- square-foot Tiki bar and pavilion with a band stage.

A complete property information package can be downloaded from the Roebuck Auctions’ Web site at  RoebuckAuctions.com or by calling  850-654-6000.

http://www.bestpanamacitybeachcondo.com

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