NOT DISCLOSED, Florida
| Asking Price |
$649,000 |
Year Established |
2022 |
|
| Annual Revenue |
$1,031,076 |
Reason for Selling |
Other business interests |
|
| Annual P/L |
$0 |
Attention |
Demetri Venetos |
|
| Annual Cash Flow |
$344,368 |
Listing Number |
1002007 |
|
| # of Employees |
8 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Acquire a refined, manager-run Italian restaurant in a prime coastal Pinellas dining corridor. The owner is absentee; systems, staff, and leadership are in place for a clean handoff. Strong wine program, loyal reservation-driven clientele, and disciplined operations make this a turn-key cash-flow play for an operator semi-absentee buyer.
Highlights:
Absentee-run with GM/leadership in place (owner does not work on site)
~$1.0M run-rate revenue with ~$340K discretionary cash flow
Tight cost profile: ~20% COGS • ~26% payroll • ~5% rent-to-sales
Attractive lease structure (assignable) in a high-demand dining corridor
Clean books (POS/bank/payroll/sales tax)
Wine-forward program, premium check averages, strong repeat business
Seller to provide structured recipes/SOPs transition and staff continuity plan
Process:
NDA and proof of funds required to receive the CIM, financial package, and lease summary.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity