Prime Location Absentee Owner 47-year Restaurant A
Not Disclosed, FL Pinellas County
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- RE: Prime Location Absentee Owner 47-year Restaurant A
- Contact: JOSEPH DIBARTOLO
Quick Facts
| Asking Price: | $995,000 | |
| Annual Revenue: | $2,600,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $450,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $150,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1977 | |
| Employees: | 16 | |
| BBN Listing #: | 984628 | |
| Broker Reference #: | 3353758684 |
Business Overview:
VERY PROFITABLE! Absentee Owner, Over 45 yrs business Recently Renovated
Over $300, 000 ALL NEW EQUIPMENT, REMODELING
Large restaurant and bar located in the one block from the sunny beaches of Florida.
Business has a full food menu and a full liquor bar along with a 4COP SRX liquor license.
Business has large seating pavilion . There is also a large kitchen, large bar area, and plenty of seating.
Well-known name in the community
New owner can change the concept to whatever they like as long as the concept is approved by the landlord.
Rent includes common area maintenance and taxes.
• Prime Location: one block from beach: Enjoy stunning views and a vibrant atmosphere that attracts both
locals and tourists.
• Established Business: With four decades of history, this restaurant has a loyal customer base and a strong
brand identity.
Families looking to invest in a thriving business.
• Entrepreneurs seeking a turn-key operation with established cash flow.
• Those wanting to embrace the Florida lifestyle while running a successful venture.
This is not just a business; it’s an opportunity
Don’t miss out on this chance to make your mark in the Florida hospitality scene!
SDE / Cash Flow reflects new owner overseeing on a daily basis
Asset Information. Please refer to listing number 3353758684, business broker Joe Dibartolo when inquiring about this listing.
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Property Features and Assets:
Lease/Month: $12,699; Square Footage: 4,100; Building Type: PLAZA; Terms & Options: Expiration Date: 1/1/2030.
Market Competition and Expansion:
Non Compete : Miles: 3 Years: 3
Reason for Selling:
PERSONALAdditional 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
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