Naples restaurant sells for $500,000

A Naples sports bar has closed and will reopen as a new concept under new owners following a property sale. Pelican Larry’s sold as of Nov. 25, according to commercial real estate firm LQ Commercial, which says the transaction totaled $500,000.

“This popular local hangout has officially changed hands and will be transformed into a new concept,” LQ Commercial says in a statement, noting Senior Broker Associate Frank Kupiec handled the deal.

Kupiec says he represented the seller, Pelican Larry's North LLC, a company owned by Randy Seyler, the founder of Pelican Larry's.