*** Rare Profitable Rest/ Bar Opportunity!! ***

Saint Petersburg, FL
listing image
Asking Price:$599,000
Gross Revenue:$1,650,000
Rent:$6,500/Month
Established Year:2007
Cash Flow:$247,050
Inventory:$35,000
FF&E:$385,000
BUSINESS DESCRIPTION

For close to 2 decades, this beloved local gem has been a cornerstone of the community, offering a memorable dining experience with its exceptional menu and warm atmosphere. With under-market rent secured for 5 years, this flourishing business is on track for even greater success, targeting $1.65 million in revenue and $247,050 in profit.

A Community Favorite with Strong Growth Potential: With a stellar 4.5-star rating on Google, TripAdvisor, and Yelp, this restaurant is cherished by both locals and tourists. Its consistent quality and inviting atmosphere have built a loyal customer base. SBA (Pre-Qualification Pending) E2-Visa

Known for its fresh pasta, flavorful seafood, and a variety of other dishes. There’s also an SRX license, allowing guests to pair their meals with a selection of fine wines, craft cocktails, and premium spirits.

The expansive covered patio provides a perfect setting for guests to enjoy their meals in a relaxed, outdoor atmosphere, ideal for hosting events and special occasions.

Turnkey Operation with a Dedicated Team: The restaurant is fully staffed with experienced kitchen professionals, attentive servers, and a skilled manager, ensuring that operations run smoothly and efficiently.

State-of-the-Art Kitchen and Catering Capabilities: Equipped with top-of-the-line appliances, the kitchen is ready to support both the restaurant’s daily operations and expand into catering, lunch services, and private events to further boost revenue.

Also can drive revenue from an increase in alcohol sales by implementing happy hour and after-dinner cocktail hour.

Prime Location with Convenient Access: Situated on a busy road with high visibility, the restaurant benefits from easy access and ample on-site parking, making it convenient for guests to visit.

Secure Lease Terms for Long-Term Success: With an excellent lease in place and two (2) five-year lease options, you can focus on growing your business with confidence.

Own a Profitable and Thriving Restaurant Today! This is your opportunity to take ownership of a successful restaurant with a proven track record and significant potential for future growth. Don’t miss out on making this dream business your own!

Black Book Advisers
"Trusted Brokers of Business and Commercial Real Estate"
Michael Adamo / Broker (813) 833-1007
Michael Adamo is a third generation Restaurateur, having owned and operated some of the most well acclaimed restaurants in their perspective areas for over 31 years. Now as a Business Broker specializing in the Food and Beverage Sector and having proudly completed many of the most notable transactions, his insight and astute knowledge is sought after by some of the Top Restaurant Groups in the Bay Area. Whether if it's your first venture or if you're a multi-unit operator Black Book Advisers is here to share their knowledge and insight of the marketplace and see you successfully through your choice of transaction.

IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". Interested parties MUST fill out a Confidentiality Agreement (NDA) before any specific information, such as the name and location of the business will be shared. NO EXCEPTIONS! Once you have signed the NDA, one of our associates will call you to discuss the business opportunity in greater detail.


ATTACHED DOCUMENTS
Asset List.pdf Download

DETAILED INFORMATION
Location
Saint Petersburg, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,600
Lease Expiration
02/06/2029
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Office 1 Computer and screen 1 Back up battery for system 1 Restaurant Router & Wifi 1 HP All in one printer Back kitchen 1 work top refrigerator 1 3 compartment sink 1 2 compartment sink 1 24"x24" ss table 1 5 ft Shelf and work table 1 5 ft shelf 1 4ft shelf 1 Hand Sink 1 Walk in Fridge w Freeze Walk in 1 Waring heavy duty immersion blender 1 Robo coupe R2 Dice 1 Buffalo Chopper 1 Slicer 1 Waring Mixer 1 Waring emersion blender 1 Glass Polisher 1 Commercial Scale 2 six burner stoves 1 six burner stove w convention Much more available on Asset list
Competition
Long Established history with only a few Restaurants of its type in the surrounding area. None of this caliber!! Located on a high traffic road and very accessible intersection. Current Rent is under the cost of property by Landlord!
Growth & Expansion
Property Available for $1.2 million. Only operates limited hours.
Financing
SBA (Qualification Pending) E-2 Visa
Support & Training
Owner will stay and train for 2 weeks at $0 cost. Owner is willing to stay in some capacity indefinitely but would need to be discussed.
Reason for Selling
Owner wants pursue other opportunities.
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Michael
Adamo
Black Book Advisers
Michael Adamo