Sarasota's top retail location St. Armand's Circle
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For more than 40 years - Enjoy the beauty of the Circle
This established Italian restaurant presents a strategic acquisition opportunity in St. Armand's Circle, Sarasota's premier dining district. The business operates under a competitively advantaged lease agreement at $19,059.12 monthly, positioned within one of Florida's most desirable restaurant markets. The Seller spent $850,000 on renovations and wants to spend more time with the family
The operation features comprehensive infrastructure including a professional-grade kitchen with authentic Italian pizza oven, full bar facilities, and integrated POS system. The establishment maintains a 4COP liquor license, providing additional revenue diversification opportunities. Recent renovations ensure turnkey operational readiness with minimal capital requirements.
Key operational assets include:
• Complete furniture, fixtures, and equipment package
• Established vendor relationships and supply chain agreements
• Proprietary recipes and operational procedures
• Digital marketing assets and customer database
• Trained staff and management systems
The location benefits from St. Armand's Circle's consistent year-round tourist traffic and established local patronage. The venue's positioning within this high-traffic retail and dining corridor provides sustained customer acquisition advantages.
The acquisition structure includes all operational components necessary for immediate revenue generation, eliminating typical startup phases and permit acquisition delays. The favorable lease terms provide operational cost stability in a market characterized by escalating commercial real estate values.
This opportunity accommodates multiple operational strategies, whether continuing the current Italian cuisine concept or implementing alternative culinary formats while maintaining the established customer base and operational infrastructure.
Note: Certain personal items, artwork, entertainment equipment, and the Napule brand name are excluded from the transaction as they remain with the parent company.
The operation features comprehensive infrastructure including a professional-grade kitchen with authentic Italian pizza oven, full bar facilities, and integrated POS system. The establishment maintains a 4COP liquor license, providing additional revenue diversification opportunities. Recent renovations ensure turnkey operational readiness with minimal capital requirements.
Key operational assets include:
• Complete furniture, fixtures, and equipment package
• Established vendor relationships and supply chain agreements
• Proprietary recipes and operational procedures
• Digital marketing assets and customer database
• Trained staff and management systems
The location benefits from St. Armand's Circle's consistent year-round tourist traffic and established local patronage. The venue's positioning within this high-traffic retail and dining corridor provides sustained customer acquisition advantages.
The acquisition structure includes all operational components necessary for immediate revenue generation, eliminating typical startup phases and permit acquisition delays. The favorable lease terms provide operational cost stability in a market characterized by escalating commercial real estate values.
This opportunity accommodates multiple operational strategies, whether continuing the current Italian cuisine concept or implementing alternative culinary formats while maintaining the established customer base and operational infrastructure.
Note: Certain personal items, artwork, entertainment equipment, and the Napule brand name are excluded from the transaction as they remain with the parent company.
About the Business
- Years in Operation
- 2
- Employees
- 20 (12 Full-time, 8 Part-time)
Buyer may rehire at buyer’s discretion. Seller shall be solely responsible for a - Facilities & Assets
- Come by to see the restaurant. Please call the realtor for appointment
The owners have the authority to sell this going concern
Restaurant Assets are free of liens. A few items are lease
Business does not have undisclosed litigation
We are in compliance with laws
Asset list, financials and Lease shared following executed of NDNC
We have No outstanding health violations
4cop License (Florida Restaurant License) with bartenders who would like to stay on board - Market Outlook / Competition
- Demand Drivers (Why Restaurants Still Work Here)
A. Tourism + Seasonal Population
Downtown Sarasota continues to benefit from year around tourism and a high spend seasonal population focused on Main Street, Palm Ave, Bayfront, and Blvd of the Presidents. [ according to visitsarasota.com]
Food festivals, arts venues, and walkability remain major foot traffic engines
B. Income & Demographics
High concentration of second homeowners, retirees, investors, and luxury condo residents
Diners increasingly prioritize experience over price, aligning with upscale/full-service concepts
Strong preference for:
Turnkey or lightly convertible spaces
Favorable leases (long term + options)
Alcohol capability (SRX viability)
Valuation Trends
Good operators with transferable licenses still command premiums
Key risk: Buyers walk quickly if lease or license is unclear. - Opportunities for Growth
- Closing Mechanics: Closing date
Bill of Sale
Assignment documents
Keys, codes, passwords delivered at closing
Require POS data wipe or transfer protocol
Inventory counted within 24 hours of closing
Tie escrow release to written joint instructions unless default is clear.
Exhibit A – Asset Inventory
Exhibit B – Lease / LOI / Assignment
Exhibit C – Allocation Schedule
Alcohol License Addendum
Inventory Valuation Addendum
Non-Compete Agreement
This Agreement is contingent upon Buyer receiving written landlord consent to assignment or execution of a new lease on terms acceptable to Buyer. This is one of the most favorable priced leased in the area (about half) Including extensions terms allow for up to 14 years on the Lease.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 6,000
About the Sale
- Seller Motivation
- personal reasons
- Transition Support
- Non-compete (Longboat Bridge to Ringling Bridge)
Non-solicitation of employees
Confidentiality survival
Inspection window (typically 7 days)
Financial review
Lease review
Equipment inspection
Health records review - Financing Options
- None
Listing Info
- ID
- 2494701
- Listing Views
- 602
Attached DocumentsAttachment Disclaimer
Listing ID: 2494701 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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