Long Established Business for Sale including real estate

Asking Price$1,450,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$1,450,000
Included in asking price
heated, salt water pool
historic, vintage restoration
privacy, zen,romantic
Old Florida chill living
heated, salt water pool
Save1/5

Long Established Business for Sale including real estate


Asking Price$1,450,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$1,450,000
Included in asking price
Business Description
A Rare Piece of Sarasota History. Four turn-key furnished residences. Three City Lots. One Extraordinary Piece of Sarasota History. Welcome to 941 Virginia Drive, a truly unique historic property originally built by John Ringling Jr., offering vintage Sarasota charm paired with modern flexibility and lucrative income. Set on three city lots, this 125-foot-long masonry residence creates an extraordinary private compound with four distinct living spaces. The main residence features two bedrooms, one and a half bathrooms, and an office or den, highlighted by timeless architectural details including stone porches, arched doorways, pecky cypress paneling, tall vaulted beamed ceilings and a wood-burning fireplace. Modern updates complement the historic character with stainless steel appliances, granite countertops, and updated fixtures. The property is designed for lifestyle, opportunity and flexibility for extended family, guests or continued successful short-term rental business. In addition to the main home, the estate includes three separate guest residences providing privacy and versatility. There are two in-law suites that feature full kitchens, a private pool, hot tub, outdoor shower, patio access and a private bathroom; one offers one bedroom and the other two bedrooms. There is an additional one-bedroom dwelling with a convenient kitchenette, private bathroom and laundry. Located just two miles north of downtown Sarasota, the property offers easy access to Lido Key, Longboat Key, St. Armands Circle, and the vibrant dining, arts, and cultural scene of downtown Sarasota. Whether you envision a private historic estate, a multi-generational compound or a unique established vacation rental business, this rare property offers exceptional character, privacy and opportunity in one of Sarasota’s most desirable locations. Don’t miss this opportunity to Own a Piece of Ringling History — A Private Sarasota Compound with Vintage Charm and Resort-Style Living.
About the Business
Years in Operation
12
Currently Home Based
Yes
Facilities & Assets
Historic close-in Sarasota established owner/operator business with consistent gross income of $175,000/yr income from main house + ADU + 2 in-law suites. Main home: restored, historic 2BD/1.5BA with vintage box-beamed vaulted ceilings, pecky cypress walls, tiled fireplace, screened lanai under 200-yr oak, fenced yard. Main house in-law suite has private entrance, heated pool w/ waterfall, hot tub, outdoor shower. Detached 2BD ADU w/ full kitchen, vaulted ceilings, private heated pool w/ waterfall, hot tub, shower, lanai. Plus attached 1BD suite w/ high-end finishes. Fully turnkey furnished with curated artistic tropical bohemian furnishings. Established short-term / long term rental history. Wonderful neighborhood lifestyle and established successful business with impressive income for the past 10 years. Owner selling due to retirement. Includes business name, over 500 five star reviews, future reservations, supplies and training to enjoy a lifetime of living and working in paradise.
Website
Show Website URL
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
3,500
About the Sale
Seller Motivation
Retirement. Current owner of 14 years is 70 years old and time to pass the torch
Transition Support
Vendor list, Full in person management training from owner. Business name rights, over 500 five star reviews, all listings on rental platforms.
Financing Options
Qualifies for DSCR, FHA, Conventional and SBA financing
Listing Info
ID
2547011
Listing Views
95
Attached DocumentsAttachment Disclaimer

pro_forma_valuation_report (2).pdf

P&L Statement Roy's Place.pdf

Sarasota-Spotlight-Gorilla-House (1).pdf

Business Location

Listing ID: 2547011 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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