***SBA PRE-QUALIFIED WITH ONLY $100,000 DOWN***
2 part time managers in place however an owner operator can add back approximately $60,000 to the bottom line.
An exceptional OPPORTUNITY to acquire a HIGHLY RESPECTED and LONG-STANDING BREAKFAST and LUNCH restaurant in BEAUTIFUL ST. PETERSBURG FLORIDA with over 30 years of continuous operation and only two owners throughout its entire history.
This freestanding building offers seating for more than 150 guests, including indoor dining and a spacious outdoor patio, creating a WELCOMING ATMOSPHERE that has kept LOYAL LOCAL customers returning for decades. The restaurant is FULLY STAFFED SEASONED employees and operates successfully under ABSENTEE OWNERSHIP, providing flexibility for an investor or significant upside for a hands-on owner-operator. SELLER DISCRETIONARY EARNINGS ARE BASED ONAN OWNER OPERATOR TAKING ON MANAGEMENT ROLE. ALSO KEEP IN MIND THE BUSINESS WAS CLOSED FOR WEEKS DUE TO HURRICANE. 2023 SDE approx $316,000 with owner taking on management role.
Currently open for breakfast and lunch ONLY, there is a clear OPPORTUNITY to expand REVENUE by adding dinner service, extending hours, adding a beer/wine license, full liquor and advertise catering. THIS PALCE WOULD ALSO BE PERFECT FOR A 24 HOUR DINER. The business enjoys LOW RENT for a freestanding location and generates CONSISTENT year-round sales driven by STRONG local patronage, not seasonal snowbird traffic. This is a RARE CHANCE chance to acquire a PROVEN, community-rooted restaurant with STABILITY, REPUTATION, and meaningful growth potential.
*** INTERESTED PARTIES PLEASE SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION TO THE RIGHT TO RECEIVE THE NON-DISCLOSURE***. MUST SHOW PROOF OF FUNDS PRIOR TO RELEASING INFO
IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". We will not release any information unless there is a non-disclosure signed and proof of funds.
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.
Ad#:2477056
