Iconic Restaurant & Bar !!!

Saint Petersburg, FL (Pinellas County)

Iconic Restaurant & Bar !!!
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Asking Price: $450,000

Cash Flow: $174,340

Gross Revenue: $1,239,529

EBITDA: N/A

FF&E: $125,000

Inventory: $20,000

Rent: $7,928 /Month

Established: 1996

Iconic Restaurant & Bar !!!

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Business Description

Located near the beaches on a heavily traveled road, this beutiful and classy full service restaurant and bar has been a local favorite for years and is also a great place for social events, meetings, holidays and family gatherings. With its excellent reputation and fully trained staff, it boasts a solid menu with inventive flair and a very proud martini bar with an impressive full range of upscale drinks. Amazing and local customers and amazing online reviews!!! This is run semi-absentee owner and could be much more profitable with a hands on owner. All staff including Chef and Sous Chef are in place. Bring back the catering and parties and see an increase in sales. Full 4cop SFS license included.

*** CALL GEORGE ANTONAKLAS TODAY 727-458-5565!!!

IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!

Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.

Detailed Information

Location:
Saint Petersburg, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,325
Lease Expiration:
1/1/2025
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful and classy restaurant with fully equipped kitchen and bar
Growth & Expansion:
Bring back the catering and the parties to increase sales . Catering use to account for $200,000 in sales. Add delivery service.
Support & Training:
2 weeks at no cost
Reason for Selling:
Retirement
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George Antonaklas

Business Listed By:
George Antonaklas

Realtec Business Brokers

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Sponsoring Broker:
Rick Gruber

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