Iconic & Popular Local Restaurant With Beautiful Bar

Saint Petersburg, FL (Pinellas County)

Seller Financing Available
Iconic & Popular Local Restaurant With Beautiful  Bar
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Asking Price: Get Financing: $495,000

Cash Flow: $255,000

Gross Revenue: $1,324,716

EBITDA: N/A

FF&E: $125,000

Inventory: $10,000

Lease Rate: $19.25 /SF/Year

Established: 1998

Iconic & Popular Local Restaurant With Beautiful Bar

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Business Description

This is a beautiful and classy full service restaurant and has been a local favorite for years. This is a neigborhood restaurant serving breakfast, lunch dinner and a great place for holidays, social events, business meetings and family get togethers. With its excellent reputation and fully trained staff, it boasts a solid menu featuring an inventive flair and a very proud martini bar with an impressive full range of upscale spirits. Amazing online reviews! Includes a 4cop srx full liquor license. Very good and provable records. This one wont last !

This is run absentee owner.
***Call George Antonaklas Today 727-458-5565***

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,300
Lease Expiration:
1/1/2024
Employees:
12-15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Bar area with seating and two separate dining rooms. Fully large, operational Kitchen and a private office. Dry storage and liquor room.
Competition:
Located near the beaches on a heavily traveled road. Very populated area. End cap in a strip center with plenty of parking.
Growth & Expansion:
Owner operator can definitely increase sales and profitablity by being hands on and watching the cost of goods.
Financing:
Yes for qualified buyer. $300,000 down, seller will finance remainder for 3 years @6%
Support & Training:
2 weeks at no cost
Reason for Selling:
Retirement
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(from currently available funds)
 
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George Antonaklas

Business Listed By:
George Antonaklas

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Sponsoring Broker:
Rick Gruber

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