Turn-key Restaurant off St.Pete Beach

Saint Pete Beach, FL
Pinellas County

Asking Price: Annual Revenue:
$549,000 $3,253,789

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Turn-key Restaurant off St.Pete Beach Broker: Tony Blair

Quick Facts

Asking Price: $549,000
Annual Revenue: $3,253,789
Net Profit: Not Disclosed
Cash Flow: $505,936
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 33
BBN Listing #: 976335435
Broker Reference #: 411000150

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Business Overview:

Turn-key stand-alone restaurant right off St. Pete Beach in the middle of 'Hotel Row', with the largest parking lots on the beach. This building was renovated with over $1m in improvements including a new roof, new AC, new floors, a new walk-in cooler, new electric wiring, new bathrooms, new outside deck, and new long draw beer system. The restaurant is licensed for 165 seats inside, with 65 more seats available situated on the additional 1,500 square feet open-air porch area. The current Owner is fully absentee and looking to consolidate (he acquired the business a little over a year ago). Staff is in place for continued success, however the name will not convey. Another location of the business is also available for sale. 14 years of term remaining (including options). Partial year reflects January and February in 2020 before COVID19, and first full operational year without construction.#411000150

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Reason for Selling:

Consolidation, Other Business Interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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